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What was a key feature of the Bretton Woods Agreement?
  • a)
    National currencies were pegged to gold
  • b)
    Introduction of cryptocurrency
  • c)
    Elimination of tariffs
  • d)
    Establishment of a single global currency
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What was a key feature of the Bretton Woods Agreement?a)National curre...
Under Bretton Woods, national currencies were tied to the US dollar, which was convertible to gold, creating a system of fixed exchange rates.
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What was a key feature of the Bretton Woods Agreement?a)National currencies were pegged to goldb)Introduction of cryptocurrencyc)Elimination of tariffsd)Establishment of a single global currencyCorrect answer is option 'A'. Can you explain this answer?
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