n the years 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(1 point)

Question

n the years 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(1 point)
Responses

a floating exchange-rate system

b fixed exchange-rate system

c speculative attack

d trade surplus

GPT 3.5 · Answer

b fixed exchange-rate system