The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-The exchange-rate arrangement that emerged from the Bretton Woods conference is often referred to as the:
A)dollar exchange standard.
B)euro exchange standard.
C)gold exchange standard.
D)silver exchange standard.
E)flexible exchange rate standard.

Question

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4
 
-The exchange-rate arrangement that emerged from the Bretton Woods conference is often referred to as the:
A)dollar exchange standard. 
B)euro exchange standard. 
C)gold exchange standard. 
D)silver exchange standard. 
E)flexible exchange rate standard.

Quizplus · Accepted Answer

The Bretton Woods conference resulted in the establishment of the gold exchange standard, where the U.S. dollar was fixed to a certain amount of gold and other countries' currencies were fixed to the U.S. dollar. Therefore, the correct answer is (C) gold exchange standard.

The Figure Below Shows the Demand (D) and Supply (S)