Multiple Choice
Which of the following did not occur as a result of Bretton Woods Agreement?
A) Each currency was valued in terms of gold.
B) Values of all currencies were fixed with respect to each other.
C) Currencies were allowed to fluctuate no more than 1% above or below the initially set rates.
D) The United States experienced no balance-of-trade deficits.
Correct Answer:
Verified
Correct Answer:
Verified
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