According to the Bretton Woods system of 1944-1973, the United States was designated as the
A) par value country.
B) floating exchange rate country.
C) reserve currency country.
D) liquidity deficit country.

Question

Quizplus · Accepted Answer

Under the Bretton Woods system, the United States was designated as the reserve currency country, with the US dollar serving as the world's primary reserve currency. This meant that other countries would hold US dollars as a reserve to back up the value of their own currencies.

According to the Bretton Woods System of 1944-1973, the United