A worldwide system of fixed exchange rates was organized and maintained under the International Monetary Fund
A) in the three decades before World War I.
B) in the years between the world wars.
C) from the end of World War II until the early 1970s.
D) from the early 1960s to the late 1980s.

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) established a worldwide system of fixed exchange rates from the end of World War II in 1945 until the early 1970s when the system was effectively abandoned due to the collapse of the Bretton Woods system. The system involved pegging the value of a country's currency to the value of gold or the U.S. dollar, with the IMF overseeing the exchange rate arrangements between member countries.

A Worldwide System of Fixed Exchange Rates Was Organized and Maintained