The Bretton Woods Agreement
A) fixed the value of the U.S. dollar relative to gold.
B) fixed the value of the U.S. dollar relative to the euro.
C) required foreign central banks to hold certain minimum amounts of gold as foreign exchange reserves.
D) required member nations, other than the United States, to disband their central banks.

Question

Quizplus · Accepted Answer

The Bretton Woods Agreement fixed the value of the U.S. dollar relative to gold, with other currencies being fixed in relation to the U.S. dollar. This allowed for stability in international trade and finance.