The Bretton Woods System

question 79

Multiple Choice

The Bretton Woods system

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

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Definitions:

Cognitive Dissonance

Feelings of discomfort resulting from holding contradictory beliefs, ideas, or values at the same time in one's mind.

Attitudes

Mental and emotional entities that inherit positive or negative evaluations of objects, people, or events, influencing an individual's behavior.

Actions

The things that an individual does, often in response to external stimuli or internal decisions.

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, values, or ideas simultaneously.