Which of the following statements is true of the Bretton Woods agreement?
A) All countries agreed to fix the value of their currency in terms of gold under the agreement.
B) The system accepted the British pound as the official reference currency against gold.
C) The agreement established a floating system of monetary exchange.
D) Two multinational institutions, the World Economic Forum and WTO, were formed under the agreement.

Question

Quizplus · Accepted Answer

The Bretton Woods agreement called for a system of fixed exchange rates that would be policed by the IMF. Under the agreement, all countries were to fix the value of their currency in terms of gold but were not required to exchange their currencies for gold.

Which of the Following Statements Is True of the Bretton