In Practice,the Bretton Woods System Is Best Described as

question 3

Multiple Choice

In practice,the Bretton Woods system is best described as

• A)an adjustable peg.
• B)a purely fixed exchange rate
• C)a gold exchange standard
• D)Both A and C

---

Definitions:

Persuasive

Having the ability to convince someone to do or believe something through reasoning or the use of temptation.

Binding Authority

Refers to legal sources that must be followed by a court, such as statutes or case law from higher courts in the same jurisdiction.

Statute

A written law formally enacted by legislative authority.

Regulation

Rules or directives made and maintained by an authority to control or govern conduct.