On what the Bretton Woods system was basd in ? Key Concept - Bretton Woods system The Bretton wo...
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On what the Bretton Woods system was basd in ?
Key Concept - Bretton Woods system
The Bretton woods system was based on fired exchange rates. In this system, hational currencies, for example, the Indian rupee, were pegged to the dollar at a fixed exchange rate. The dollar itself was anchored to gold at a fixed price of \( \$ 35 \) per pounce of gold.
The primary designer of the Brettion wood seystem were the John Maynard Keynes and
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