With which of the following was the Bretton Woods System NOT associated
- A. International Monetary Fund
- B. Economic recovery after the Second World War
- C. International Bank for Reconstruction and Development
- D. Establishment of a monetary system based on floating exchange rate ✓
Correct Answer: D. Establishment of a monetary system based on floating exchange rate
Explanation
The Bretton Woods System established a monetary system based on fixed (pegged) exchange rates, not floating exchange rates.
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