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

Answer 1

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.