Under Bretton Woods,

A.any foreign country cannot devalue its currency against the dollar in conditions of “fundamental ”

B.any foreign country could devalue its currency against the dollar in conditions of “fundamental disequilibrium,” but the system’s rules did not give the United States the option of devaluing against foreign

C.any foreign country could devalue its currency against the dollar in conditions of “fundamental disequilibrium,” and the system’s rules did give the United States the same option of devaluing against foreign

D.The United States could devalue its currency against the foreign currencies in conditions of “fundamental disequilibrium.”

E.None of the above.

Answer: B