Since the Bretton Woods system of floating exchange rates collapsed in 1973,the world has operated with a fixed exchange rate system.

Question

Quizplus · Accepted Answer

The Bretton Woods system of fixed exchange rates collapsed in 1973.Since then,the world has operated with a mixed system in which some currencies are allowed to float freely,but many are either managed by government intervention or pegged to another currency.

Since the Bretton Woods System of Floating Exchange Rates Collapsed