Prior to ________, most countries maintained a system of fixed exchange rates.

Name: Prior to ________, most countries maintained a system of fixed exchange rates.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

The Bretton Woods Agreement in 1944 created a system of fixed exchange rates, so A is incorrect. The introduction of flexible exchange rates occurred in 1973 after the collapse of the Bretton Woods system, so B is correct. C, D, and E are all after the introduction of flexible exchange rates, so they are incorrect.

Prior to ________, Most Countries Maintained a System of Fixed