Bretton Woods system:
A) is an example of a fixed exchange rate regime
B) is an example of a flexible exchange rate regime
C) gave birth to the introduction of the Euro
D) was used to smooth transition from bimetallism to the classical gold standard

Question

Quizplus · Accepted Answer

The Bretton Woods system was a fixed exchange rate regime established in 1944, in which currencies were pegged to the US dollar, and the US dollar was linked to gold at a fixed rate. This system was in place until 1971, when the US dollar was no longer convertible to gold, leading to the collapse of the Bretton Woods system.

Bretton Woods System