According to the _____ in 1944,all countries were to fix the value of their currency in terms of gold but were not required to exchange their currencies for gold.

Question

Quizplus · Accepted Answer

The Bretton Woods agreement, signed in 1944, established a system of fixed exchange rates where all countries agreed to peg the value of their currency in terms of gold. However, countries were not required to exchange their currencies for gold at a fixed rate, and the system eventually collapsed in 1971.

According to the _____ in 1944,all Countries Were to Fix