According to the Bretton Woods System of 1944-1973,the United States was designated as the
A) par value country
B) floating exchange rate country
C) reserve currency country
D) liquidity deficit country

Question

Quizplus · Accepted Answer

According to the Bretton Woods System, the United States was designated as the reserve currency country, as it held the majority of the world's gold reserves and other countries held their foreign exchange reserves in US dollars. This allowed the US dollar to serve as the standard for international transactions and exchange rates were fixed in relation to the US dollar.