Under the Bretton Woods system,
A) the dollar was pegged at $35 per ounce of gold and all other countries pegged their currency to the dollar.
B) all currencies were pegged to gold at a fixed rate.
C) the euro was pegged at 35 per ounce of gold and all other countries pegged their currency to the euro.
D) the dollar was allowed to float against all other currencies,but their exchange rates were fixed to each other.
E) all currencies were flexible.
Correct Answer:
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