The event that revived the gold standard as the basis for currency valuations in many parts of the world was:
A)Bretton Woods Agreement.
B)World War II.
C)the creation of the International Monetary Fund.
D)the creation of the United Nations.

Question

Quizplus · Accepted Answer

The Bretton Woods Agreement, signed in 1944, established the gold standard as the basis for currency valuations in many parts of the world. Under this agreement, the U.S. dollar was pegged to gold at a fixed rate, and other currencies were pegged to the U.S. dollar. However, this system eventually collapsed in the 1970s due to various economic and political factors.

The Event That Revived the Gold Standard as the Basis