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lizsmith lizsmith
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5 years ago

The agreements that were reached at the Bretton Woods conference in 1944 established a system



▸ in which the values of currencies were fixed in terms of a specific number of ounces of gold, which in turn determined their values in international trading.

▸ of floating exchange rates determined by the supply and demand of one nation's currency relative to the currency of other nations.

▸ of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed-upon value of its currency.

▸ that prohibited governments from intervening in the foreign exchange markets.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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kwashington67kwashington67
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5 years ago
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lizsmith Author
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5 years ago
Smart ... Thanks!
foxrcng11
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Yesterday
Brilliant ツ
Danivalda
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2 hours ago
Good timing, thanks!
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