The Anchoring Feature of the Bretton Woods System Was The

question 103

Multiple Choice

The anchoring feature of the Bretton Woods System was the:

• A)fixed value of the United States dollar against gold.
• B)fixed value of the rate of exchange of the United States dollar and special drawing rights.
• C)law of supply and demand applied to currencies.
• D)tying of all currencies to the British pound to reduce the exchange rate fluctuations that occurred during the Great Depression.

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