Answer:
b. the US Dollar
Explanation:
The Bretton Woods Agreement was done in July 1944. It had delegates from 44 countries. The conference held in Bretton Woods, which is in New Hampshire. Hence it got the name, the Bretton Woods Agreement.
Under this system, gold was used as an exchange basis for the United States currency and the currency of other countries were pegged to the value of the dollar of the United States. The Bretton Woods System finally came to an end during the early 1970s as the President Richard M. Nixon made an announcement that their would be no more gold exchange for the US dollars.
The United States economy is sometimes referred to as a modified free
enterprise system due to the fact that it is capitalist. This means that
there is no monopoly on a particular aspect of trade or business, so
anybody can start a company.
A. Social Security
All of the following would be considered examples of employer post retirement benefits except Social Security
Answer:
FONTAINE'S CAPITAL ACCOUNT-
Particulars Amount$
Market value of the building 366,000
Less: Mortgage responsibility <u>(133,000)
</u>
on building
Capital Investment <u>233,000</u>
MONROE'S CAPITAL ACCOUNT-
Particulars Amount$
Cash Investment 108,000
Add: Market value of <u>83,000</u>
equipment investment
Capital Investment <u>191,000</u>
Answer: Experienced but unemployed people
Explanation: In times of economic slowdown such as a recession, the rate of employment goes up. Many qualified workers seeking employment will not be hired. Experienced workers lose their jobs as a result of a decline in production.
The experienced worker who fails in securing new jobs ends up starting their businesses. These experienced workers already have knowledge on how to run a business, and would probably have some saving. With their qualification and experience, managing a new business is not very challenging for them.
The 2008 financial crises resulted in the establishment of many new startup businesses.