An aspect of the Bretton Woods agreement was a commitment not to use
A)the system of fixed exchange rates.
B)devaluation as a weapon of competitive trade policy.
C)gold as a measure to fix the value of currencies.
D)funds from the International Monetary Fund and the World Bank.
E)the U.S.dollar as a reference currency.

Question

Quizplus · Accepted Answer

The Bretton Woods agreement included a commitment by member countries not to use devaluation as a tool for competitive trade policy. This was meant to promote stable exchange rates and minimize disruptions to international trade.

An Aspect of the Bretton Woods Agreement Was a Commitment