Question

The Bretton Woods Monetary System was based on ___________ exchange rate in 1947

WRONG ANSWERS WILL BE REPORTED..!!! ​

Answer 1

Explanation:

Bretton Woods established a system of payments based on the dollar, which defined all currencies in relation to the dollar, itself convertible into gold, and above all, "as good as gold" for trade. U.S. currency was now effectively the world currency, the standard to which every other currency was pegged.

More Explanation:-

The “Bretton Woods” system of internationally fixed exchange rates was born out of the conference, as was the International Monetary Fund (IMF) and the World Bank. ... The major currencies were to be fully convertible to dollars at a fixed exchange rate, though with fluctuation permitted within a 1 percent band.

Answer 2

ANSWER -

ANSWER -DOLLAR

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