Under the Bretton Woods system of 1944-1973
A) member countries set the par value of their currencies in terms of gold.
B) market exchange rates were almost fixed.
C) currency devaluations or revaluations could be used to adjust the par value of a currency when it became overvalued or undervalued.
D) All of these are correct.

Question

Quizplus · Accepted Answer

Under the Bretton Woods system, member countries set the par value of their currencies in terms of gold, and market exchange rates were almost fixed. Currency devaluations or revaluations could be used to adjust the par value of a currency when it became overvalued or undervalued. Therefore, all of these statements are correct.

Under the Bretton Woods System of 1944-1973