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3 years ago

Under the Bretton Woods system

Business

2 answers:

yulyashka [42]3 years ago

7 0

Answer:

D) all of the options

Explanation:

The Bretton Woods system lasted between 1944 and 1971, until the US exited the gold standard. the gold standard pegged the value of the US dollar and other currencies to gold reserves.

The problem with the gold standard was that it didn't consider rising inflation and severely limited any actions that the FED could take to try to control it. It also limited economic growth, since the gold reserves couldn't keep up with the growth of the economy. This didn't only happen to the US, all the countries that adopted the gold standard stopped using it for the same reasons.

The original idea of the Bretton Woods agreement was that each country would peg its exchange rate to a certain value of gold, but as the price of gold increased, the rest of the countries pegged the value of their currency to the US dollar. That is why the US dollar is still today the most widely used currency in the world and almost 60% of all the physical currency is held outside the US.

Mumz [18]3 years ago

4 0

Answer:

The answer is D. All of the options

Explanation:

The Bretton Woods system of of monetary management which was negotiated in 1944 with the aim of creating an international monetary system.

Under this system, representatives of countries agreed to establish a par value of their respective currencies in relation to the dollar. Dollar was pegged at $35 per ounce, and each country was responsible for maintaining its exchange rate within 1 percent of the adopted par value by buying or selling foreign exchanges as necessary.

However, in the early 1970s, President Richard Nixon made the announcement that the United States would no longer be accepting gold in exchange for the dollar, and the put an end to the Bretton Woods system.

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The best type of account for Jorge, who has $300 for work he performed and expects to spend the money in the next few weeks to buy a new bike is checking account. A checking account is useful for money that you will be spending soon, like in Jorge's case. Checking account can be accessed using checks, automated teller machines and electronic debits.

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3 years ago

Read 2 more answers

A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On

pychu [463]

Answer:

The correct answer is C

Explanation:

The amount of cash paid on July 8 is computed as:

Amount of goods worth = Purchased amount - Returned goods worth Amount of goods worth = $1,800 - $200

Amount of goods worth = $1,600

As the amount is paid within the terms of 10 days, so the amount is eligible for the discount of 2%, it is as:

Amount to be paid in cash = Amounts of goods worth - ( Amounts of goods worth × Discount)

where

Amounts of goods worth is $1,600

Discount is of 2%

Putting the values above:

Amount to be paid in cash = $1,600 - ($1,600 × 2%)

Amount to be paid in cash = $1,600 - 32

Amount to be paid in cash = $1,568

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3 years ago

At the end of 2013, its first year of operations, Slater Company reported a book value for its dependable assets of $40,000 for

Irina-Kira [14]

<u>Solution and Explanation:</u>

SC's Depreciable assets for the purpose of financial reporting and income taxes were $40000 and $33000 respectively. Its taxable income is$97000.Temporary difference will be there because of Depreciation.

Temporary Difference=Financial reporting Dep-Income tax depreciation

=40000 minus 33000

=7000

Pretax financial income=taxable income+Temporary Difference

=97000+7000=$104000

Deferred tax liability=7000 multiply 30%=2100

Income tax expense=104000 multiply 30%=31200

Income tax payable=97000 multiply 30%=29100

Dec 31 Income Tax ExpensenA/C Dr. $31200

To Income Tax Payable A/C $ 29100

To Deferred Tax Liability A/C $ 2100

<u> Answer:b </u>

Slatter Company

Partial Balance Sheet

December 31, 2013

Noncurrent Liabilities

Deferred Tax Liability $2100

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3 years ago

which professionals do interest groups hire to represent them? responses lobbyists lobbyists economists economists journalists j

goldenfox [79]

Option (a) is the best choice. Interest groups pay lobbyists to serve as their representatives.

<h3>What does interest group lobbying entail?</h3>

The act of lobbying is the direct approach taken by a lobbyist to influence public figures to promote the agenda of their clientele. The National Rifle Association is an illustrative lobbying organization. Interest groups are associations of people who get together for the purpose of influencing the government.

<h3>Why would a lobbyist be employed by an interest group?</h3>

Lobbyists are employed by interest groups to sway elected authorities. Access to public figures in all areas of government is sought after by lobbyists. By informing government officials about the interests of their group and engaging in grassroots lobbying, lobbyists attempt to sway policy. Many lobbyists have prior public service experience.

Learn more about Lobbyists: brainly.com/question/509906

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1 year ago

As president of Econivalia, you are constantly strained for funds to pay your troops. Your chief economist suggests the followi

barxatty [35]

Answer: All of the above are problem with the plan.

Explanation:

If a Government rapidly increases the money supplied into an economy, it leads to inflation.

This is because as the citizens of a country get more money at a very short interval, they would tend to demand for more items in the market, the increase in demand would directly lead to an increase in price which is an inflation.

Therefore minting extra money may pay the soldiers but negatively affect the economy as price of commodities would increase.

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3 years ago