The 'Bretton Woods System' was a
A) system of fixed exchange rates based on the gold standard.
B) system of fixed exchange rates where central banks fixed the value of their currencies against the US dollar.
C) system of floating exchange rates where central banks floated the value of their currencies.
D) system of managed-float exchange rates where demand and supply mainly determined the value of currencies with occasional government intervention.

Question

Quizplus · Accepted Answer

The Bretton Woods System was a system of fixed exchange rates where central banks fixed the value of their currencies against the US dollar. The US dollar was itself pegged to gold at a fixed rate of $35 per ounce, giving the system a quasi-gold standard character.

The 'Bretton Woods System' Was a