The Bretton Woods system of fixed exchange rates was established in 1944.The central currency of this system was the
A)French Franc.
B)German Deutsche Mark.
C)U.S.Dollar.
D)British Pound.
E)Swiss Franc

Question

Quizplus · Accepted Answer

The central currency of the Bretton Woods system was the U.S. Dollar, which was fixed to gold at a rate of $35 per ounce. Other currencies were then fixed to the dollar, creating a system of fixed exchange rates.

The Bretton Woods System of Fixed Exchange Rates Was Established