McqMate
Q. |
A primary result of the Bretton Woods Agreement was: |
A. | the establishment of the European Monetary System (EMS). |
B. | establishing specific rules for when tariffs and quotas could be imposed by governments. |
C. | establishing that exchange rates of most major currencies were to be allowed to fluctuate 1% above or below their initially set values. |
D. | establishing that exchange rates of most major currencies were to be allowed to fluctuate freely without boundaries (although the central banks did have the right to intervene when necessary). |
Answer» C. establishing that exchange rates of most major currencies were to be allowed to fluctuate 1% above or below their initially set values. |
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