Although monetary discipline was a central objective of the Bretton Woods agreement,it was recognized that a _______________ of fixed exchange rates would be too inflexible.
A) relaxed policy
B) rigid policy
C) lending policy
D) balanced policy
E) managed policy

Question

Quizplus · Accepted Answer

The Bretton Woods agreement aimed for stability but acknowledged that a "rigid policy" of fixed exchange rates would lack the necessary flexibility for effective economic management.

Although Monetary Discipline Was a Central Objective of the Bretton