Under the Bretton Woods system, a country could alter its exchange rate

Question

Quizplus · Accepted Answer

Under the Bretton Woods system, a country could alter its exchange rate only when the IMF permitted due to a fundamental disequilibrium. This was done through the IMF's system of exchange rate adjustments, where participating countries could request an adjustment in their exchange rate within a certain range. However, the IMF would only grant such requests if it determined that there was a fundamental disequilibrium in the country's balance of payments.

Under the Bretton Woods System, a Country Could Alter Its