Question

The Bretton Woods Conference accomplished all of the following except _____.


making financial arrangements for the post-World War II world


establishing the World Bank


establishing the International Monetary Fund


an agreement to “peg” foreign currencies to the U.S. dollar

Answer 1

The Bretton Woods Conference accomplished all of the following except **an agreement to “peg” foreign currencies to the U.S. dollar**. While the conference did establish a fixed exchange rate system, it was primarily based on the U.S. dollar being convertible to gold, and countries were not strictly required to peg their currencies to the dollar, although many did so in practice.