The Bretton Woods Agreement of 1944 established a monetary system based on:
A) Gold and managed floating exchange rates
B) Gold and adjustable pegged exchange rates
C) Special Drawing Rights and managed floating exchange rates
D) Special Drawing Rights and adjustable pegged exchange rates

Question

Quizplus · Accepted Answer

The Bretton Woods Agreement of 1944 established a monetary system based on gold and adjustable pegged exchange rates, where countries pegged their currency to the US dollar, which was in turn pegged to gold. The exchange rates could only be adjusted with the permission of the International Monetary Fund (IMF).

The Bretton Woods Agreement of 1944 Established a Monetary System