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Under the Bretton Woods system, Each country was responsible for maintaining its exchange rate within 1% of the adopted par value by buying or selling
Under the Bretton Woods system, Each country was responsible for maintaining its exchange rate within 1% of the adopted par value by buying or selling foreign exchanges as necessary. O The U.S. dollar was allowed to float freely without any pegging to one ounce of gold. There was no explicit set of rules about the conduct of international monetary policies. O None of the above
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