Under the Initial Bretton Woods System

Multiple Choice

Under the initial Bretton Woods system,

A) foreign currencies could be converted into U.S.dollars, which could be redeemed for gold at a rate determined by supply and demand
B) foreign currencies could be converted into U.S.dollars, which could be redeemed for gold at a rate of $35 per ounce
C) foreign currencies could be converted into gold at a rate determined by supply and demand
D) foreign currencies could be converted into gold at a rate of $35 per ounce
E) gold was the international medium of exchange