In the Bretton Woods International Monetary System, a Country's Currency

Multiple Choice

In the Bretton Woods international monetary system, a country's currency, unless its par Value or parity value were officially changed, could not deviate more than __________ from its par value or parity value. If the country's currency depreciated to its low point in this range, central banks needed to __________ the currency in the exchange markets in order to keep the currency's value within the specified range.

A) plus or minus 1 percent; buy
B) plus or minus 1 percent; sell
C) plus or minus 10 percent; buy
D) plus or minus 10 percent; sell