How did the U.S. dollar come to function similarly to gold in the international monetary system following the Bretton Woods Conference in 1944 ?
A. The Bretton Woods Conference led to the adoption of the U.S. dollar, backed by gold, as the primary reserve currency, following debates between Keynes and White's proposals.
B. The conference established the unitas, proposed by White, as the new international reserve currency.
C. The conference decided to adopt Keynes' proposal of a bancor as the international reserve currency.
D. The decision to exclusively use gold as the international reserve currency was made.



Answer :

Other Questions