The Bretton Woods agreement called for what?
A) variable exchange rates
B) fixed exchange rates
C) freely floating exchange rates
D) a set of "managed" floating exchange rates
E) currency boards

Question

Quizplus · Accepted Answer

The Bretton Woods agreement called for fixed exchange rates between currencies, with the US dollar being pegged to gold at a fixed rate. This system lasted from 1944 until 1971, when the US government ended the convertibility of dollars into gold, effectively ending the Bretton Woods system.

The Bretton Woods Agreement Called for What