Following World War II, the U.S. and most developed countries adopted a system of fixed exchange rates known as
A) the Heller plan.
B) the new gold standard.
C) the Bretton Woods system.
D) the Geneva accord.

Question

Quizplus · Accepted Answer

The Bretton Woods system was established in 1944, creating a framework for fixed exchange rates that pegged currencies to the US dollar, which was in turn convertible to gold. This system was adopted by many developed countries after World War II to ensure financial stability and promote international trade.