In the Bretton Woods international monetary system, a country's currency, unless its par Value or parity value were officially changed, could not deviate more than __________ from its par value or parity value. If the country's currency depreciated to its low point in this range, central banks needed to __________ the currency in the exchange markets in order to keep the currency's value within the specified range.

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In the Bretton Woods system, a country's currency could not deviate more than plus or minus 1 percent from its par value. If the currency depreciated, central banks were required to buy the currency to support its value and keep it within the specified range.

In the Bretton Woods International Monetary System, a Country's Currency