_________________________ was an international monetary system in which the U.S.dollar was valued in gold and other exchange rates were pegged to the dollar.

Question

Quizplus · Accepted Answer

The Bretton Woods System was an international monetary system established in 1944. Under this system, the U.S. dollar was valued in gold and other exchange rates were pegged to the dollar. The system remained in place until the early 1970s when the Nixon Administration ended the convertibility of the dollar into gold, ultimately leading to the collapse of the system. A is also correct as the gold standard was the previous international monetary system that was replaced by the Bretton Woods System. B is incorrect as it refers to a different system where exchange rates are allowed to float freely based on market forces.

_________________________ Was an International Monetary System in Which the U