The Bretton Woods Agreement, with regard to currency conversion, established that:
A)only major economic powers could convert their U.S.dollar holdings into gold.
B)only governments could convert their U.S.dollar holdings into gold.
C)only government accredited business organizations could convert their U.S.dollar holdings into gold.
D)anyone could convert their U.S.dollar holdings into gold.
E)only American businesses could convert their U.S.dollar holdings into gold.

Question

Quizplus · Accepted Answer

The Bretton Woods Agreement established that only governments could convert their U.S. dollar holdings into gold, creating a system of fixed exchange rates where the value of the dollar was pegged to gold.

The Bretton Woods Agreement, with Regard to Currency Conversion, Established