Consider the following statements in reference to Bretton Woods System 1 Currencies became convertib...........

Economic Affairs World Bank and IMF

Consider the following statements in reference to Bretton Woods System:

1.Currencies became convertible and could be settled in dollars

2.Dollars were made partially convertible to gold

3.End of Bretton Woods System earmarked transition from Fixed exchange rates to Floating exchange rates.

How many of the statements given above is/are correct?

Only One

Only Two

All Three

None

1 and 3 only

Currencies became convertible and could be settled in dollars under the Bretton Woods System.

Dollars were fully convertible to gold, not partially.

The end of the Bretton Woods System marked the transition from fixed exchange rates to floating exchange rates.

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