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12-06-2024
Social Studies

Answered

Which system involved pegging all currencies at a fixed rate to the US dollar?

A. The gold standard
B. The Bretton Woods system
C. The International Monetary Fund (IMF)
D. The post-Bretton Woods system

Answer :

GinnyAnswer GinnyAnswer

12-06-2024

Final answer:

The Bretton Woods system pegged all currencies to the US dollar at fixed rates.

Explanation:

The system that involved pegging all currencies at a fixed rate to the US dollar was the Bretton Woods system.

In this system, the U.S. dollar was chosen as the reserve currency and was fixed to a weight in gold, initially at $35 per ounce.

This fixed exchange rate system aimed to maintain stability but eventually collapsed in 1973.

Learn more about Bretton Woods system here:

https://brainly.com/question/34694453

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