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:

Multicultural Ethical Awareness

The recognition and understanding of ethical standards within a context that encompasses diverse cultures and perspectives.

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Client's Culture

The set of beliefs, values, customs, and practices that belong to the cultural background of a client, influencing their perceptions and behaviors.

Cultural Competence Skill Areas

The ability to interact effectively and respectfully with people of different cultures, particularly in contexts where cultural differences might influence the interaction.