Why Was the US Dollar Chosen as the Currency to Which

question 6

Multiple Choice

Why was the US dollar chosen as the currency to which other currencies would be pegged?

• A) The US had high levels of productivity.
• B) The US was experiencing a large trade surplus.
• C) The US contributed approximately 70% of the global GDP.
• D) All of these answers

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Definitions:

Breast-Feeding

A natural process of feeding an infant with milk directly from the mother's breast.

Suppresses

To forcibly put an end to something, such as opposition, a rebellion, or the manifestation of a feeling or condition.

Rank

A position in a hierarchy that often denotes levels of authority or status within organizations, societies, or military.

Basic Resources

Fundamental elements or inputs needed for the functioning of an economy or ecological system, such as water, minerals, energy, and arable land.