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HELP **ECON**
What was one result of the Bretton Woods system?
A. Many countries stopped backing their currencies with the gold standard.
B. Many countries refused to accept the U.S. dollar as a legal currency.
C. Many countries gave up their own currency in favor of the U.S. dollar.
D. Many countries decided that only gold could be used as currency.​

Respuesta :

rcholak43

Answer:

a. many countries stopped backing their currencies with the gold standard

Explanation:

apeex

The result of the Bretton Woods System was that many countries stopped backing their currencies with the gold standard. Hence, Option A is the correct statement.

What was the end result of the Bretton Woods System?

On 15 August 1971, America terminated the convertibility of the American dollar to gold, efficaciously bringing the Bretton Woods system to a cease and rendering the dollar a fiat foreign money.

Therefore, The result of the Bretton Woods System was that many countries stopped backing their currencies with the gold standard. Option A is the correct statement.

learn more about Bretton Woods System here:

https://brainly.com/question/14821405

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