What was one result of the Bretton Woods system?A.The U.S. dollar was no longer accepted in most countries.B.The U.S. dollar became backed by gold for the first time.C.The U.S. dollar became more valuable and influential.D.The U.S. dollar lost its status as the world's reserve currency.

Under the Bretton Woods system, par value was based on gold and the currency of which country?Multiple choice question.ChinaGreat BritainUnited StatesFrance

The Bretton Woods arrangements were largely adhered to and ratified by the participating governments. It was expected that national monetary reserves, supplemented with necessary IMF credits, would finance any temporary balance of payments disequilibria. But this did not prove sufficient to get Europe out of its conundrum.

What happened when many countries left the gold standard in the mid-20th century?A.The value of gold was greatly reduced.B.The U.S. standard of living declined.C.Demand for U.S. dollars increased.D.Most countries gave up their own currencies.

Why was the U.S. dollar important to international economics in the mid-20th century?A.The U.S. dollar was the first currency to become a fiat currency.B.Countries valued the U.S. dollar highly because of the gold standard.C.Most countries replaced their own currency with the U.S. dollar.D.Businesses were only able to use U.S. dollars when buying foreign goods.SUBMITarrow_backPREVIOUS

Why did the U.S. dollar become a substitute for gold in international markets during the 20th century?A.The United States sold gold at the lowest prices in the world.B.The United States declared that the U.S. dollar was fiat currency.C.The United States had the world's largest gold reserves.D.The United States threatened to cut off trade with other countries.