Under the Bretton Woods Agreement

question 147

Multiple Choice

Under the Bretton Woods agreement,

• A)nations could not adjust their exchange rates relative to the dollar for any reason
• B)exchange rates were based on a market basket of European currencies plus the dollar
• C)the United States stood ready to convert foreign holdings of dollars into gold at a fixed rate of $35 per ounce
• D)the international monetary system operated exactly like the gold standard of pre-World War II years
• E)gold played no role in the international monetary system

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Definitions:

Avoiding Style

A conflict management strategy where an individual deliberately stays away from addressing or engaging in a conflict.

Unassertive

Characterized by a lack of self-confidence and a tendency to yield to others; not advocating for one's own rights or preferences.

Uncooperative

Not willing to work together or assist others.

Forcing Style

A conflict resolution approach where one party asserts its viewpoints at the expense of another, often disregarding the concerns and interests of the opposite party.