why dollar is used as standardized money.
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As a result of the Bretton Woods Agreement, the U.S dollar was officially crowned the world's reserve currency and was backed by the world's largest gold reserves. ... Needing a place to store their dollars, countries began buying U.S. Treasury securities, which they considered to be a safe store of money.
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As a result of the Bretton Woods Agreement, the U.S dollar was officially crowned the world's reserve currency and was backed by the world's largest gold reserves. ... Needing a place to store their dollars, countries began buying U.S. Treasury securities, which they considered to be a safe store of money
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