The Bretton Woods Monetary System was used to:

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Floating as well as fixed rates

Fix the exchange rate

Floating exchange rates

none of these

answer is B.

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Detailed Solution

The Bretton Woods System was used to fix the exchange rate.
Thus the Bretton Wood outlined a system with a set of uniform rules and regulations, that offer the framework required to generate fixed international exchange rates in terms of money and other types of currency. As part of its administrative operation, a government or central bank uses a fixed exchange rate. It connects a country's official currency exchange rate to other currencies or, in some situations, to the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow range. The dollar is the most extensively used currency in international trade.

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