Beginning in the Early 1970s, Many Nations Abandoned Their Dollar

question 62

Multiple Choice

Beginning in the early 1970s, many nations abandoned their dollar standard and moved toward a system of:

• A) fixed exchange rates based on gold.
• B) fixed exchange rates based on the Deutsche Mark.
• C) floating exchange rates.
• D) real money systems in which currencies were backed by government bonds.

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Definitions:

Directive Leadership Style

A leadership approach characterized by providing clear instructions, setting performance standards, and closely supervising tasks.

Telling Style

A communication approach characterized by directly informing or instructing others without seeking their input.

Telling

A leadership behavior characterized by giving clear instructions and guidance to followers, informing them exactly how and when to complete the task.

Directive Approach

A leadership style in which decisions and policies are made by the leader and directly communicated to subordinates, with little input from them.