Why was the US dollar chosen as the currency to which other currencies would be pegged?
A) The US had high levels of productivity.
B) The US was experiencing a large trade surplus.
C) The US contributed approximately 70% of the global GDP.
D) All of these answers

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The US dollar was chosen as the currency to which other currencies would be pegged because the US had high levels of productivity, was experiencing a large trade surplus, and contributed approximately 70% of the global GDP. The US had high levels of productivity, was experiencing a large trade surplus, and contributed approximately 70% of the global GDP, making the US dollar a desirable and stable currency for other countries to peg their own currencies to.

Why Was the US Dollar Chosen as the Currency to Which