The monetary system wherein little capital mobility occurred, stable exchange rates existed in order to facilitate trade, and the U.S. dollar was the primary currency to which all other currencies adjusted was known as the which of the following?
A)The classical gold standard system
B)The intervening, interwar era
C)The Bretton Woods system
D)The post-Bretton Woods system

Question

Quizplus · Accepted Answer

The Bretton Woods system, established in 1944, was characterized by fixed exchange rates where currencies were pegged to the U.S. dollar, which was convertible to gold. This system aimed to provide stability and facilitate international trade by limiting capital mobility and maintaining stable exchange rates.

The Monetary System Wherein Little Capital Mobility Occurred, Stable Exchange