Under the Exchange Rate System Established by the Bretton Woods

question 119

Multiple Choice

Under the exchange rate system established by the Bretton Woods agreement,the value of most currencies in terms of ______________ was fixed for long periods and was allowed to change only under a specific set of circumstances.

• A) British pound
• B) Japanese yen
• C) U.S. dollars
• D) Chinese Renminbi
• E) European Euro

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