Question

According to Adjustable Peg System (or Bretton Woods System) of Exchange Rate:

• A. all of these
• B. parity between two currencies was determined by the quantity of gold contained in them
• C. US Dollar was assigned gold value at a fixed price
• D. different currencies were pegged to one currency (US Dollar)

Answer 1

The correct option is A

all of these

Under the adjustable peg system, every currency was pegged to the US dollar, which in turn was pegged to a specific quantity of gold.