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What was the Bretton Woods system based on?
  • a)
    Floating exchange rates
  • b)
    Fixed exchange rates
  • c)
    Barter system
  • d)
    Cryptocurrency
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What was the Bretton Woods system based on?a)Floating exchange ratesb)...
The Bretton Woods system established fixed exchange rates where currencies were pegged to the US dollar, and the dollar was pegged to gold.
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