Under the Initial Bretton Woods System

question 67

Multiple Choice

Under the initial Bretton Woods system,

• A)foreign currencies could be converted into U.S.dollars, which could be redeemed for gold at a rate determined by supply and demand
• B)foreign currencies could be converted into U.S.dollars, which could be redeemed for gold at a rate of $35 per ounce
• C)foreign currencies could be converted into gold at a rate determined by supply and demand
• D)foreign currencies could be converted into gold at a rate of $35 per ounce
• E)gold was the international medium of exchange

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