The _______________ established a fixed exchange rate system among the major world economies in 1944.
A)Eurosystem
B)Currency Board
C)European Union (EU)
D)Bretton Woods Accord

Question

Quizplus · Accepted Answer

The Bretton Woods Accord established a fixed exchange rate system among the major world economies in 1944. The Eurosystem was not established until 1999 and is specific to the monetary policy of the European Union. Currency Board is a monetary authority that issues a country's currency and maintains its exchange rate, but it is not the same as a fixed exchange rate system between countries. The European Union (EU) is a political and economic union of 27 member states located primarily in Europe, but it is not the same as the Bretton Woods Accord.

The _______________ Established a Fixed Exchange Rate System Among the Major