Which of the following statements is false?
A) The Bretton Wood System of fixed exchange rates was maintained until 1975.
B) Under the Bretton Wood System, one ounce of gold was set equal to $35.
C) Under the Bretton Wood System, each participating country had it currency pegged to either gold or the U.S. dollar.
D) Bretton Woods set fixed exchange rates based on a fixed gold price.

Question

Quizplus · Accepted Answer

The Bretton Woods System of fixed exchange rates actually ended in 1971, not 1975, when President Nixon suspended the convertibility of the dollar into gold, effectively ending the system.

Which of the Following Statements Is False