Under the Bretton Woods system (1944–1971), most currencies were

free to float every dayCorrect answerYour answerreplaced by a single world currencyCorrect answerYour answerpegged to the US dollar, which was convertible into goldCorrect answerYour answerfixed to the price of oilCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

It was a system of fixed but adjustable rates against the dollar; it ended in 1971.

Concept: Bretton Woods
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsThe fixed rate: devaluation and revaluation

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Under the Bretton Woods system (1944–1971), most currencies were

Explanation