At one time, exchange rates were more or less fixed at specified levels by the _____________.
A) Ontario Securities Commission (OSC)
B) Securities and Exchange Commission (SEC)
C) Bretton Woods Accord
D) Foreign Exchange Act
E) Global Exchange Agreement

Question

Quizplus · Accepted Answer

The Bretton Woods Accord, established in 1944, set up a system of fixed exchange rates where currencies were pegged to the US dollar, which was then convertible to gold. This system was designed to provide stability in international economic transactions and lasted until the early 1970s.

At One Time, Exchange Rates Were More or Less Fixed