Which system was based on fixed exchange rate?

Bretton wood system

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Political system

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Military system

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None of thses

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Solution

The correct option is A Bretton wood system
The Bretton wood system was based on fixed exchange rates. In this system the national currencies were pegged to the dollar at a fixed exchange rate. The Bretton woods system inaugurated an era of unprecedented growth of trade and incomes for the western industrial nations.

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