Under the Bretton Woods System of 1944-1973,member countries could re-peg their currencies up to _____,without permission of the International Monetary Fund
A) 2 percent
B) 5 percent
C) 10 percent
D) 25 percent

Question

Quizplus · Accepted Answer

Under the Bretton Woods System, member countries were allowed to re-peg their currencies up to a limit of 10% higher or lower than the par value without seeking permission from the International Monetary Fund. Any adjustment beyond this limit required approval from the IMF.

Under the Bretton Woods System of 1944-1973,member Countries Could Re-Peg