Question
What was the result of the Bretton Woods Conference?
A.
the creation of a flexible exchange-rate system for the United States and much of Western Europe
B.
the creation of the euro
C.
the creation of NAFTA
D.
the creation of a fixed exchange-rate system for the United States and much of Western Europe
A.
the creation of a flexible exchange-rate system for the United States and much of Western Europe
B.
the creation of the euro
C.
the creation of NAFTA
D.
the creation of a fixed exchange-rate system for the United States and much of Western Europe
Answers
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Answered by
GPT-4o mini
The result of the Bretton Woods Conference was:
**D. the creation of a fixed exchange-rate system for the United States and much of Western Europe**.
The conference, held in 1944, established a framework for international monetary cooperation that included fixed exchange rates tied to the U.S. dollar, which itself was convertible to gold.
**D. the creation of a fixed exchange-rate system for the United States and much of Western Europe**.
The conference, held in 1944, established a framework for international monetary cooperation that included fixed exchange rates tied to the U.S. dollar, which itself was convertible to gold.
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