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What were the main objectives of the Bretton Woods system? To stabilize the balance of payments and improve the price-specie-flow mechanism. To achieve exchange rate

image text in transcribed What were the main objectives of the Bretton Woods system? To stabilize the balance of payments and improve the price-specie-flow mechanism. To achieve exchange rate stability and promote international trade and development. To use gold to standardize the exchange system and peg the currencies. To use the US dollar as the main currency and peg the other currencies to tha To increase international business and reduce the transaction barriers

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