What is meant by the Bretton Woods system being a goldexchange standard? How were exchange rates determined

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What is meant by the Bretton Woods system being a gold‐exchange standard? How were exchange rates determined under the Bretton Woods system? Under what conditions were nations allowed to change their exchange rates?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:38 AM

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What is meant by the Bretton Woods system being a goldexchange standard? How were exchange rates determined

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Under the Bretton Woods gold standard the US had to keep the pri...View the full answer

International Economics

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