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Unit 1 Ch 3 : The Making of a Global World — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 1 Ch 3 : The Making of a Global World1 Mark
Question
What was the Bretton Woods System based on?
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Answer

The Bretton Woods System was based on fixed exchange rates. In this system, national currencies, for example, the Indian rupee, were pegged to the dollar at a fixed exchange rate.

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