Describe the Bretton Woods currency system?
What will be an ideal response?
Answer: In the Bretton Woods System, in place between 1944 and 1973, the participating countries agreed to an exchange rate regime that linked their exchange rates to the dollar. They could fluctuate in a 1% band around a fixed parity. The dollar itself had a fixed gold parity ($35 per ounce). When a country ran into a temporary balance of payments problem (a current account deficit) that threatened the currency peg, it could draw on the lending facilities of the IMF, also established at Bretton Woods in 1944, to help it defend the currency. Countries were also allowed to change their parities when their balances of payments were considered to be in "fundamental disequilibrium."
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The Establishment Clause guarantees that there will be no state-sponsored religion
Indicate whether the statement is true or false
Shirley Inc. has three divisions, King, West and Gold. All fixed costs are unavoidable. Following is the income statement for the previous year: KingWestGold TotalSales$1,000,000 $575,000 $425,000 $2,000,000Variable Costs 400,000 345,000 300,000 1,045,000Contribution Margin 600,000 230,000 125,000 955,000Fixed Costs (allocated) 375,000 215,625 159,375 750,000Profit Margin$225,000 $14,375 $(34,375) $205,000a. What would Shirley's profit margin be if the West division were dropped?b. What would Shirley's profit margin be if the Gold division were dropped?
What will be an ideal response?
Technical skills are more important to the first-line manager than to other managers.
Answer the following statement true (T) or false (F)
What remedies can an employee seek under the Fair Labor Standards Act?