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BUSMHR 2000 Chapter 9 Video Assignment
Terms in this set (5)
According to the video, the ________ refers to the institutional structures, rules, and processes that manage how national currencies are exchanged for one another
international monetary system
Which organization, representing 90 percent of the world economy, aims to bring greater stability to the global financial system?
According to the video, which system establishes currency values based on supply and demand?
Floating exchange rate system
According to the video, many countries set the value of their currency relative to the value of another currency, a reference currency such as the U.S. dollar. This exemplifies which of the following systems?
Fixed exchange rate system
In 1944, 44 countries came together to strengthen international commerce and create a framework for stability in the international monetary and financial systems. The group negotiated the ________.
Bretton Woods Agreement
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