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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Definitions:

Soviet Union

A former federal socialist state in northern Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR).

Communist-Allied

Being aligned or associated with Communist ideologies or entities, often in a geopolitical sense referring to nations or groups.

Ideological Confrontation

A conflict or clash between differing belief systems, values, or ideologies.

United States

A country in North America consisting of 50 states, a federal district, and several territories, known for its significant influence on global affairs.