The Bretton Woods era was the era
A)of free-floating exchange rates.
B)of floating rates without boundaries, but subject to government intervention.
C)in which governments maintained exchange rates within 1 percent of a specified rate.
D)in which exchange rates were maintained within 10 percent of a specified rate.

Question

Quizplus · Accepted Answer

The Bretton Woods era was characterized by fixed exchange rates, where governments agreed to maintain their currency values within 1 percent of a specified rate, allowing for minor adjustments. This system was designed to provide stability in international financial transactions.

The Bretton Woods Era Was the Era