In 1944,financial ministers throughout the world met in New Hampshire to set up an adjustable pegged exchange rate system.This system became known as the
A) General Agreement on Tariffs and Trade
B) Bretton Woods System
C) Bank for International Settlements
D) World Bank

Question

Quizplus · Accepted Answer

The Bretton Woods System was established in 1944 by financial ministers from around the world who met in New Hampshire. It was a system of adjustable pegged exchange rates that aimed to stabilize the global economy after World War II. The General Agreement on Tariffs and Trade (GATT), the Bank for International Settlements, and the World Bank were also established during this time, but they were separate entities from the Bretton Woods System.

In 1944,financial Ministers Throughout the World Met in New Hampshire