The Bretton Woods system is characterized by().


The Bretton Woods system is characterized by().

A.Gold is pegged to the US dollar

B.a fixed exchange rate system

C.Gold as an international liquidity of last resort

D.Exchange rates fluctuate around gold parity

E.Diversification of exchange rate arrangements

E.The balance of payments has an automatic adjustment mechanism

正确答案:Gold is pegged to the US dollar;a fixed exchange rate system