In the years of following World War II, most of the world's currencies were "pegged" to the US dollar. Governm

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In the years of following World War II, most of the world's currencies were "pegged" to the US dollar. Governments intervened to ensure their currencies did not rise or fall in value compared to the dollar. Meanwhile, the dollar itself was pegged to the price of gold. This system is an example of a

GPT-5 mini · Answer

A fixed (pegged) exchange-rate system — specifically the Bretton Woods gold-exchange standard, where currencies were pegged to the dollar and the dollar was pegged to gold.

In the years of following World War II, most of the world's currencies were "pegged" to the US dollar. Governments intervened to ensure their currencies did not rise or fall in value compared to the dollar. Meanwhile, the dollar itself was pegged to the price of gold. This system is an example of a

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