Multiple Choice
Under the Bretton Woods system of 1944-1973
A) member countries set the par value of their currencies in terms of gold.
B) market exchange rates were almost fixed.
C) currency devaluations or revaluations could be used to adjust the par value of a currency when it became overvalued or undervalued.
D) All of these are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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