Answer-The Bretton Woods System was essentially a:

Countries pegged their currencies to the USD, and the US promised to convert USD to gold at 35ounce for foreign governments. It collapsed in 1971.

Question

The Bretton Woods System was essentially

A Floating exchange rate regime.

B Gold standard.

C System of adjustable pegs to the US dollar, which was convertible to gold.

D System of freely convertible currencies.

E None of these

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