Under the Bretton Woods Agreement

question 147

Multiple Choice

Under the Bretton Woods agreement,

• A)nations could not adjust their exchange rates relative to the dollar for any reason
• B)exchange rates were based on a market basket of European currencies plus the dollar
• C)the United States stood ready to convert foreign holdings of dollars into gold at a fixed rate of $35 per ounce
• D)the international monetary system operated exactly like the gold standard of pre-World War II years
• E)gold played no role in the international monetary system

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