The Bretton Woods System

question 134

Multiple Choice

The Bretton Woods system:

• A)pegged exchange rates in terms of U.S.dollars.
• B)pegged exchange rates in terms of all major currencies in the world.
• C)pegged exchange rates in terms of pounds.
• D)established a system of flexible exchange rates.
• E)established the European monetary system.

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Definitions:

Simple Random Sample

A portion of a statistical group where every member has the same chance of selection.

Random

Lacking pattern, purpose, or predictability, often used in the context of selecting items or events in a way that each has an equal chance of being chosen.

Average Age

The mean value of the ages of individuals in a particular group, calculated by summing their ages and dividing by the number of individuals.

Sampling Frame

The list or database from which a sample is drawn for a study, containing all the elements that define the population.