Which of the following features did Bretton Woods Agreement incorporate in the international monetary system based on the U.S.dollar?
A) floating exchange rates
B) trade imbalance corrections
C) an enforcement mechanism
D) a strict ban on devaluation

Question

Quizplus · Accepted Answer

The Bretton Woods Agreement incorporated an enforcement mechanism in the form of the International Monetary Fund (IMF) to maintain exchange rate stability and correct trade imbalances through loans and other measures. It did not incorporate floating exchange rates, a ban on devaluation, or any strict measures to prevent devaluation.

Which of the Following Features Did Bretton Woods Agreement Incorporate