Question

Viewing work as a moral virtue is called the:

1. all of the following.
2. Confucian work ethic.
3. Shinto work ethic.
4. Protestant work ethic.
5. B and D.

As a result of the Bretton Woods Agreement:

1. exchange controls were encouraged.
2. all major currencies were used as central reserve assets.
3. currencies floated in value.
4. the U.S. dollar became the most used central reserve asset.

Answer 1

Answer 1. The correct answer is e. B and D.

This means that Viewing work as a moral virtue is called Confucian work ethic and Protestant work ethic.

Explanation: confucian work ethids believes in the value if hard work. It also believes that loyalty and dedication towards the organisation is very important along with the concern of social harmony. Similarly, Protestant work ethics also focus on hard work and discipline at work place.

Answer 2. The correct answer is d. The US dollar became the most used central reserve asset.

Explanation: As a result of the Bretton Woods Agreement it was officially declared that US dollar will be the reserved currency for the world and will be backed by gold reserves. After this agreement countries started buying US Treasury security in order to store money safely.