Which of the following statements is false?
a. The Bretton Wood System of fixed exchange rates was maintained until 1975.
b. Under the Bretton Wood System, one ounce of gold was set equal to $35.
c. Under the Bretton Wood System, each participating country had it currency pegged to either gold or the
U.S. dollar.
d. All of the above statements are correct.
Ans: a. The Bretton Wood System of fixed exchange rates was maintained until 1975.
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Indicate whether the statement is true or false