In 1973, the major industrial countries terminated managed floating exchange rates and adopted adjustable pegged exchange rates.

Name: In 1973, the major industrial countries terminated managed floating exchange rates and adopted adjustable pegged exchange rates.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

In 1973, the major industrial countries moved away from the adjustable pegged exchange rate system and adopted managed floating exchange rates, marking the end of the Bretton Woods system.

In 1973, the Major Industrial Countries Terminated Managed Floating Exchange