Under the Bretton Woods system,which currency served as the base currency?
A) Japanese yen
B) British pound
C) French franc
D) U.S. dollar
E) Swiss Franc

Question

Quizplus · Accepted Answer

Under the Bretton Woods system, the U.S. dollar was the base currency upon which all other currencies were pegged. Other currencies would be fixed to the dollar at a specific rate, and the dollar itself was pegged to gold at a fixed rate.

Under the Bretton Woods System,which Currency Served as the Base