5 Questions
Which countries were included in the Bretton Woods system?
United States, Canada, Western European countries, Australia
What was the purpose of the Bretton Woods system?
To establish rules for commercial relations among independent states
What did the Bretton Woods system require countries to guarantee?
Convertibility of their currencies into U.S. dollars
At what rate was the U.S. dollar convertible to gold bullion under the Bretton Woods system?
US$35 per troy ounce of fine gold
What institution was established to monitor exchange rates and lend reserve currencies under the Bretton Woods system?
International Monetary Fund (IMF)
Test your knowledge on the Bretton Woods system and its impact on global monetary relations. Learn about the 1944 Bretton Woods Agreement and its significance in establishing rules for commercial relations among countries. Discover how this system shaped the economic landscape of the United States, Canada, Western European countries, Australia, and others.
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