The Bretton Woods System Was the Major System of Exchange

question 154

Multiple Choice

The Bretton Woods system was the major system of exchange rate determination

• A) from the end of World War II until 1971.
• B) before 1914.
• C) between World War I and World War II.
• D) after 1971.

---

Definitions:

Optimum

The most favorable condition or degree of something that achieves the best possible outcome or efficiency.

Problem-Solving Technique

Approaches or methods used to identify solutions to specific challenges or barriers.

Linear Programming

A mathematical method used to find the best outcome (such as maximum profit or lowest cost) in a given mathematical model for some list of requirements represented as linear relationships.

Constraint

A limitation or restriction in a process, system, or activity that affects its performance or capacity.