Bretton Woods’s system programmed to eventual demis
Comment over the below proposition: “One can say that Bretton Woods’s system was programmed to the eventual demise”.
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Explanation to this proposition is related to Triffin paradox. Underneath gold-exchange system, reserve-currency country must run the BOP deficit in order to provide the reserves to economy of the world, however if deficits are huge and persistent, they may lead to the confidence crisis within the reserve currency itself, finally resulting the downfall of system.
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The book says "avoidable interest is the amount of interest cost during the period that a company could theoretically avoid if it had not made expenditures for the asset." This makes it sound like avoidable interest is the total amount of interest paid for an asset. I know it's not but I was wonder
Financial Calculator: A financial calculator is an electronic calculator which executes financial functions commonly required in business and commerce communities.
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