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).

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).

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter6: Government Influence On Exchange Rates

Section: Chapter Questions

Problem 29QA

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