Under Bretton Woods, the euro became the vehicle of choice for settling most international transactions.

Name: Under Bretton Woods, the euro became the vehicle of choice for settling most international transactions.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Under the Bretton Woods system, the US dollar, not the euro, became the primary reserve currency for settling international transactions. The euro did not exist until 1999, long after the Bretton Woods system ended in 1971.

Under Bretton Woods, the Euro Became the Vehicle of Choice