One aspect of the Bretton Woods agreement was a commitment not to use ________ as a measure to fix the value of currencies.

Question

Quizplus · Accepted Answer

The Bretton Woods agreement established a system of fixed exchange rates where currencies were pegged to the U.S. dollar, which was convertible to gold. Countries committed not to use devaluation as a tool to manipulate currency values, except under specific conditions and with approval from the International Monetary Fund (IMF).

One Aspect of the Bretton Woods Agreement Was a Commitment