Exchange rates under the Bretton Woods system were determined by relative supplies of gold held by countries within the system.

Name: Exchange rates under the Bretton Woods system were determined by relative supplies of gold held by countries within the system.
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Under the Bretton Woods system, exchange rates were fixed to the US dollar, which was the only currency convertible to gold at a fixed rate, rather than being determined by relative supplies of gold held by countries.

Exchange Rates Under the Bretton Woods System Were Determined by Relative