A two-tier gold market like the one created during the Bretton Woods System refers to
A)a private tier for private gold traders where the price would not be allowed to fluctuate,and an official tier for central banks where the official gold price would be allowed to fluctuate.
B)a private tier for private gold traders where the price would not be allowed to fluctuate,and an official tier for central banks where the official gold price would rise on a yearly basis by pre-determined increments.
C)a private tier for private gold traders where the price would be allowed to fluctuate,and an official tier for central banks where the official gold price would be set at $35 an ounce.
D)a private tier for private gold traders where the price would be set at $35 an ounce,and an official tier for central banks where the official gold price would be allowed to fluctuate.
E)a private tier for private gold traders where the price of gold would rise on a yearly basis by pre-determined increments,and an official tier for central banks where the official gold price would be set at $35 an ounce.

Question

Quizplus · Accepted Answer

During the Bretton Woods System, the two-tier gold market allowed private traders to trade gold at market prices, which could fluctuate, while central banks traded gold at a fixed price of $35 an ounce.

A Two-Tier Gold Market Like the One Created During the Bretton