The Bretton Woods system of exchange rates

A) is also known as the gold standard and met its demise in the 1930s.
B) relied heavily on floating exchange rates determined in the market for foreign exchange.
C) was abandoned in the 1930s.
D) was a system of fixed or pegged exchange rates, which occasionally could be adjusted.

Bretton Woods System

A monetary management system established in 1944 that set up rules for commercial and financial relations among major countries, including fixed exchange rates and the creation of the International Monetary Fund (IMF) and World Bank.

Fixed Exchange Rates

are currency exchange rates set and maintained by government policy, rather than fluctuating in response to market forces.