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:

Arithmetic Average

A statistical measure of central tendency calculated by summing a set of values and dividing by the number of values in the set.

Geometric Average

A method of calculating the average rate of return that accounts for compounding, commonly used for investment portfolios.

Total Returns

Total returns include all sources of investment return including capital gains, dividends, and interest, measured over a specific time period.

Variance

A statistical measure of the dispersion of data points in a data series around the mean.