Which of the following organisations or systems drew up a relationship between gold and the US dollar?

World Bank

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Bretton Wood System

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International Monetary Fund

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World Trade Organisation

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Solution

The correct option is B Bretton Wood System
The Bretton Woods System worked on fixed exchange rates. It established a relationship between the US dollar and gold at a fixed price of 35 dollars per ounce of gold. It required other currencies of the world to be pegged to the dollar at a fixed exchange rate.

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