Political Science · International Relations
The Bretton Woods system was the first system used to control:
AThe value of money between different countries ✓ Correct
BThe political system between different countries
CThe social system between different countries
DNone of these
Correct answer: (A) The value of money between different countries — Bretton Woods controlled the value of money between countries, so the answer is that option.
Explanation
★Bretton Woods controlled the value of money between countries, so the answer is that option.
★It set up a system of fixed exchange rates.
★Each currency was pegged to the US dollar.
★The dollar in turn was convertible to gold.
★This stabilised the value of money in international trade.
★So the system controlled currency values between countries.
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