The dollar of the United States became the postwar world's key currency because of all except

Question

Quizplus · Accepted Answer

The option that does not explain why the dollar became the postwar world's key currency is (E) the ease of transporting U.S. dollars compared with other currencies. The other options (A, B, C, and D) all contribute to the explanation of why the dollar became the dominant currency after World War II. The early convertibility of the U.S. dollar in 1945, the special position of the dollar under the Bretton Woods system, the strength of the American economy relative to the devastated economies of Europe and Japan, and the advantage of holding dollar assets all played important roles in the dollar's ascent to being the world's key currency.

The Dollar of the United States Became the Postwar World's