________ was the major system of exchange rate determination from the end of World War II until 1971.

Question

Quizplus · Accepted Answer

The Bretton Woods system was established in 1944 as the major system of exchange rate determination, which fixed the exchange rates of major currencies to the US dollar, which in turn was pegged to gold at a fixed rate. This system remained in place until 1971 when the US abandoned the gold standard and the system collapsed.

________ Was the Major System of Exchange Rate Determination from the End