The Bretton Woods System Was a

question 200

Multiple Choice

The Bretton Woods System was a

• A) system of fixed exchange rates based on the gold standard.
• B) system of fixed exchange rates where central banks fixed the value of their currencies against the United States dollar.
• C) system of floating exchange rates where central banks floated the value of their currencies.
• D) system of managed-float exchange rates where demand and supply mainly determined the value of currencies with occasional government intervention.

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Definitions:

Mediating Technology

Technologies or systems that facilitate communication or interaction between individuals or groups, often making processes more efficient.

Continuous-process Production

A method of production where materials are continuously fed through the production process, resulting in a steady flow of finished products.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly line technology and machinery, to achieve economies of scale.

Intensive

Involving concentrated effort or resources in a focused area to achieve certain goals or outcomes.