A specie standard has less stable exchange rates than the Bretton Woods system did.

Question

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The specie standard, such as the gold standard, typically results in more stable exchange rates due to the fixed nature of currency values to a specific quantity of gold or another specie. The Bretton Woods system, while aiming for stability through fixed exchange rates with the ability to adjust, was subject to more fluctuations due to adjustments and eventual abandonment for floating rates.

A Specie Standard Has Less Stable Exchange Rates Than the Bretton