The Bretton Woods System

question 27

Multiple Choice

The Bretton Woods system:

• A)established the rules of the game of the gold standard.
• B)committed the participating countries to a system of floating exchange rates.
• C)committed the participating countries to a system of fixed exchange rates.
• D)was set up as a result of the U.S. balance of payments crisis in the early 1970s.

---

Definitions:

C$0.0033

A specific monetary value in Canadian dollars, equivalent to 0.33 cents.

Euros

The official currency of the Eurozone, used by 19 of the 27 European Union countries.

C$1,500

Canadian dollars one thousand five hundred, often used in financial transactions to denote currency amount.

Airport Exchange Kiosk

An airport exchange kiosk is a physical location within an airport where travelers can exchange their home currency for that of their destination country.