Why Was the Bretton Woods System a Compromise

question 67

Multiple Choice

Why was the Bretton Woods System a compromise?

• A)Countries agreed to go back on a gold standard if the United States forgave their war debts.
• B)Countries agreed to go on a gold standard if the U.S.dollar was depreciated before the exchange rates were set.
• C)The system provided for periodic adjustments of the price of the U.S.dollar while European countries kept their currencies pegged to a gold standard.
• D)The system combined freely floating exchange rates with the creation of the International Monetary Fund to avoid currency crises.
• E)The system combined a fixed exchange rate with the flexibility of exchange rate changes during crises.

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