GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Under Bretton Wood System, as a member of IMF, India its per value of rupee in terms of-
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Australian Dollar
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Gold
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American Dollar
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British Pound
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Explanation:
Detailed explanation-1: -In monetary terms, the “gold standard” is a system in which a country pegs its currency’s value to the price of gold. Under the Bretton Woods accords, a system of fixed exchange rates was implemented. The gold standard allowed for the currency rate to fluctuate freely.
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