According to the Bretton Woods agreement, one ounce of gold is set equal to US $35, and each participating country pegs its currency to gold or the U.S. dollar.

Name: According to the Bretton Woods agreement, one ounce of gold is set equal to US $35, and each participating country pegs its currency to gold or the U.S. dollar.
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The Bretton Woods agreement did indeed set the value of one ounce of gold at US $35 and required participating countries to peg their currencies to gold or the U.S. dollar.

According to the Bretton Woods Agreement, One Ounce of Gold