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1. |
The agreements that were reached at the Bretton Woods conferences in 1944 established a system ? |
A. | of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed |
B. | in 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 tra |
C. | of floating exchange rates determined of the supply and demand of one nation’s currency relative to the currency of other nations |
D. | That prohibited governments from intervening in the foreign exchange markets |
Answer» B. in 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 tra | |