3640EconomicsMedium
The agreements that were reached at the Bretton Woods conferences in 1944 established a system?
Aof essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed upon value of its currency
Bin which the value of currencies was fixed in terms of a specific number of ounces of gold, which in turn determined their values in international trading
CThat prohibited governments from intervening in the foreign exchange markets
Dof floating exchange rates determined of the supply and demand of one nation’s currency relative to the currency of other nations
Correct answer
A. of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed upon value of its currency
Explanation
The correct answer is of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed upon value of its currency.