Which of the following are true statements about the Bretton Woods system?
A) The Bretton Woods system was a flexible exchange rate regime, in which central banks allowed their currencies to float within a wide trading band.
B) The U.S. dollar was called a reserve currency because it was used to denominate the securities central banks held as international reserves.
C) The Bretton Woods agreement broke down in 1945.
D) Only A and B of the above are true.
Correct Answer:
Verified
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