What Is the Bretton Woods System

question 3

Multiple Choice

What is the Bretton Woods System?

• A)A monetary system in which the exchange rate of major currencies retained nearly the same value with respect to the U.S.dollar.
• B)A monetary system in which the exchange rates of the major currencies remained fixed to gold.
• C)A monetary system in which the exchange rate of the U.S.dollar was periodically adjusted in response to currency crises in its allies' economies.
• D)A monetary system in which exchange rates were allowed to change according to their market prices.
• E)An alliance system that was created to protect Western Europe from a Soviet invasion.

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