Question

who started the monetary sphere based on gold​

Answer 1

Explanation:

Bretton Woods

Under this system, many countries fixed their exchange rates relative to the U.S. dollar and central banks could exchange dollar holdings into gold at the official exchange rate of $35 per ounce; this option was not available to firms or individuals.

Answer 2

Required Answer:

Bretton Woods.

More Information:

• Under this system, many countries fixed their exchange rates relative to the U.S. dollar and central banks could exchange dollar holdings into gold at the official exchange rate of $35 per ounce; this option was not available to firms or individuals.