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The Anchoring Feature of the Bretton Woods System Was the

Question 214

Multiple Choice

The anchoring feature of the Bretton Woods System was the


A) fixed value of the US dollar against gold.
B) fixed value of the rate of exchange of the US dollar and special drawing rights.
C) law of supply and demand applied to currencies.
D) tying of all currencies to the British pound to reduce the exchange rate fluctuations that occurred during the Great Depression.

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