The Bretton Woods exchange rate system was an example of a
A)managed float.
B)pure gold standard.
C)modified gold standard.
D)floating exchange rate system.

Question

Quizplus · Accepted Answer

The Bretton Woods exchange rate system was a modified gold standard, in which the US Dollar was fixed to gold at a rate of $35 per ounce and other currencies were fixed to the US Dollar. However, unlike a pure gold standard, countries were allowed to adjust their exchange rates within certain limits to address trade imbalances.

The Bretton Woods Exchange Rate System Was an Example of a