The currency exchange mechanism established in 1945 by the Articles of Agreement of the IMF was called the ________.

Question

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The currency exchange mechanism established in 1945 by the Articles of Agreement of the IMF was called the par value system, which fixed exchange rates based on the value of gold. The gravity model of trade is a theory about the relationship between two countries' economic sizes and the distance between them, while the gold exchange standard and gold bullion standard are earlier systems for linking national currencies to the price of gold.

The Currency Exchange Mechanism Established in 1945 by the Articles