Under the Bretton Woods System of 1944-1973
A) member countries set the par value of their currencies in terms of gold
B) market exchange rates were almost fixed
C) currency devaluations or revaluations could be used to adjust the par value of a currency when it became overvalued or undervalued.
D) all of the above

Question

Quizplus · Accepted Answer

The Bretton Woods System of 1944-1973 had member countries setting the par value of their currencies in terms of gold. Market exchange rates were almost fixed, and currency devaluations or revaluations could be used to adjust the par value of a currency when it became overvalued or undervalued. So, all of the above is the best choice.