The Bretton Woods system of exchange rates was based on the gold-dollar evaluation and exchange, with other currencies pegging their exchange rates to the US dollar

Question

Quizplus · Accepted Answer

The Bretton Woods system, established in 1944, was indeed based on a fixed exchange rate regime where currencies were pegged to the US dollar, which was in turn convertible into gold at a fixed rate, effectively making the US dollar the central reserve currency under this system.

The Bretton Woods System of Exchange Rates Was Based on the Gold-Dollar