The Bretton Woods system could only be maintained if all countries were willing and able to _______ their currencies.
A)support
B)never devaluate
C)never revalue
D)change

Question

Quizplus · Accepted Answer

The Bretton Woods system required countries to support their currencies within a fixed exchange rate system, where currencies were pegged to the US dollar, and the US dollar was pegged to gold. This system necessitated countries to intervene in foreign exchange markets to maintain their currency values within the agreed-upon limits.

The Bretton Woods System Could Only Be Maintained If All