Question $1$

$1$ pts

Why was the Bretton Woods System a compromise?

The system combined freely floating exchange rates with the creation of the International Monetary Fund to avoid currency crises.

The system combined a fixed exchange rate with the flexibility of exchange rate changes during crises.

Countries agreed to go back on a gold standard if the United States forgave their war debts.

The system provided for periodic adjustments of the price of the U$.$S$.$ dollar while European countries kept their currencies pegged to a gold standard.