The Bretton Wood System was introduced for:

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Promoting the development of the IMF

Floating exchange rates against the Japanese Yen

Establishing fixed exchange rates against the US Dollar

Floating exchange rates against US Dollar

answer is C.

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Detailed Solution

The Bretton Wood System was introduced to establish fixed exchange rates against the US Dollar. The Bretton Woods System mandated fixed exchange rates over the US Dollar. In 1944, the Bretton Woods Accord was drafted at a meeting that included all the World War II Allies. A method for authorising a fixed currency exchange rate using gold as the global standard was introduced under the Bretton Woods Agreement. The International Monetary Fund (IMF) and the World Bank were also established due to the accord, which featured delegates from 44 countries. The Bretton Woods System's primary objectives were to foster global economic expansion, eliminate competitive currency devaluations, and establish an effective foreign exchange market.

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