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Which sentence best completes the diagram?

The Bretton Woods system begins ->________________________________

A. The United States refuses to allow US dollars to be spent in foreign markets

B. Countries tie their currencies to the value of the U.S. dollar.

C. The standard of living in the United States begins to fall rapidly.

D. International demand for U.S. dollars reaches its lowest point in history

Sagot :

The Bretton Woods system begins (a) the United States refuses to allow US dollars to be spent in foreign markets.

When did the Bretton Woods system come into being?

Delegates from 44 nations gathered in Bretton Woods, New Hampshire, in July 1944 to design a new global monetary system. Delegates to the meeting decided to form the World Bank Group and the International Monetary Fund.

When nations link their currencies' values to the US dollar, the Bretton Woods system is created.

U.S. President Richard Nixon announced the "temporary" suspension of the dollar's ability to be converted into gold in August 1971. The Bretton Woods parity, which the dollar had labored to maintain for the most of the 1960s, was destroyed by this crisis.

Therefore option A describes the Bretton Woods system.

Learn more about the Bretton Woods system here:

brainly.com/question/18457216

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