Question: Question 1 1 pts Why was the Bretton Woods System a compromise? The system combined freely floating exchange rates with the creation of the International

Question 1
1 pts
Why was the Bretton Woods System a compromise?
The system combined freely floating exchange rates with the creation of the International Monetary Fund to avoid currency crises.
The system combined a fixed exchange rate with the flexibility of exchange rate changes during crises.
Countries agreed to go back on a gold standard if the United States forgave their war debts.
The system provided for periodic adjustments of the price of the U.S. dollar while European countries kept their currencies pegged to a gold standard.
Question 1 1 pts Why was the Bretton Woods System a

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