The Bretton Woods Agreement of 1944 established a monetary system based on:

Question

Quizplus · Accepted Answer

The Bretton Woods Agreement established a monetary system based on a fixed exchange rate system with adjustable pegged exchange rates, where the value of currencies was pegged to the value of gold. Therefore, the correct choice is D) gold and adjustable pegged exchange rates. The agreement did not include Special Drawing Rights, which were introduced by the International Monetary Fund (IMF) later in 1969, nor did it establish managed floating exchange rates, which became prevalent in the 1970s after the collapse of the Bretton Woods system.

The Bretton Woods Agreement of 1944 Established a Monetary System