FIN 100 WEEK 7 QUIZ/FIN 100 WEEK 7 QUIZ

Question 1 _________________________ was an international monetary system in which the U.S. dollar was valued in gold and other exchange rates were pegged to the dollar. The gold standard The flexible exchange rate system The Bretton Woods System The Taft-Hartley Act Question 2 An importer will generally try to avoid making payment for a purchase before the goods are actually shipped by purchasing a letter of credit. having payment sent to a bank in the exporter's country to be held until prop...