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1. The 'Bretton Woods System', established in 1944, created a framework for international financial relations and pegged currencies to what?

The Price of Gold

The British Pound

The U.S. Dollar (which was convertible to gold)

A Basket of Commodities

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2. The **Bretton Woods Agreement** of 1944 established which of the following international economic institutions?

The World Trade Organization (WTO)

The European Union (EU)

The International Monetary Fund (IMF) and the World Bank

The United Nations (UN)

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