Multiple Choice
Under the Bretton Woods system set up at the end of World War II, exchange rates were
A) absolutely fixed, i.e., no deviations from parity were permitted.
B) permitted to vary 1 percent above or below parity.
C) permitted to vary 2¼ percent above or below parity.
D) permitted to vary 10 percent above or below parity.
Correct Answer:
Verified
Correct Answer:
Verified
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