alleryThe Bretton Woods system was based on:
ABarter of commodities
BCrawling peg rates
CFixed exchange rates
DFree floating rates
Answer & Solution
Correct answer: C. Fixed exchange rates
1. The system linked national currencies to one another through the dollar.
2. It was based on fixed exchange rates, with currencies pegged to the dollar.
3. The dollar itself was anchored to gold at $35 per ounce.
_Source: syllabus Social Science, 'India and the Contemporary World II', Ch 3 'The Making of a Global World'_
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