Under the Bretton Woods Exchange Rate System,set Up in 1944,which

question 120

Multiple Choice

Under the Bretton Woods exchange rate system,set up in 1944,which of the following was true?

• A)Americans could sell their dollars to the American government in exchange for gold.
• B)Americans could sell their dollars to the American government in exchange for silver.
• C)Americans could sell their dollars to foreign central banks in exchange for gold.
• D)Foreign central banks could sell their dollars to the American government in exchange for gold.

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Definitions:

Decrease in Price

A reduction in the cost of a good or service, often resulting in increased demand or consumption.

Decrease in Supply

A reduction in the total amount of a given good or service that is available to consumers, often leading to higher prices.

Demand for Movies

The desire or preference of consumers to watch movies, which can be influenced by factors such as price, quality, and accessibility.

Labor-Saving Technology

Technology that reduces the amount of labor required to produce goods or services, often leading to increased efficiency.