The exchange rate system agreed to in 1944,in which the U.S.government agreed to buy or sell gold at a fixed price of $35 per ounce,is referred to as

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The exchange rate system agreed to in 1944, in which the U.S. government agreed to buy or sell gold at a fixed price of $35 per ounce, is commonly known as the Bretton Woods System. It was named after the location of the conference that established it, which was held in Bretton Woods, New Hampshire. The gold standard was a similar system, but it had been abandoned by most countries at that time. A floating currency standard is a system in which exchange rates are determined by supply and demand in the foreign exchange market, without any interventions by governments or central banks. A flexible exchange rate system is another name for the floating currency standard.

The Exchange Rate System Agreed to in 1944,in Which the U.S.government