Under the Bretton Woods system, the following was agreed except the following:
A) the United States only would be required to guaranty convertibility of gold into dollars
B) all countries will fix the interest rates and will not change them without the permission of other countries
C) no country could devalue its currency without the permission from the other countries
D) the International Monetary Fund (IMF) would provide short term financing to countries to maintain currency stability
E) other countries would fix the price of gold but offer no guaranty of convertibility
Correct Answer:
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