Which of the Following Did Not Occur Under the Bretton

question 106

Multiple Choice

Which of the following did not occur under the Bretton Woods Agreement?

• A) Each currency was valued in terms of gold.
• B) Values of all currencies were fixed with respect to each other.
• C) Currencies were allowed to fluctuate no more than 1 percent above or below the initially set rates.
• D) The United States experienced no balance-of-trade deficits.

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