Question

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

WRONG ANSWERS WILL BE REPORTED..!!!

ANSWER IN ONE WORD WITH THE CONTEXT OF ABOVE LINES ​

Answer 1

Answer:

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

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.

Answer 2

ANSWER -

DOLLAR

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