a. each country established a par value for its currency in relation to the dollar.
b. the U. S. dollar was pegged to gold at $35 per ounce.
c. each country was responsible for maintaining its exchange rate within 1 percent of the adopted par value by buying or selling foreign exchanges as necessary.
d. all of the options
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Home » Business » Under the Bretton Woods system a. each country established a par value for its currency in relation to the dollar. b. the U. S. dollar was pegged to gold at $35 per ounce. c.