In the 1960s, the _______________ Was the Reserve Currency, Convertible

question 75

Multiple Choice

In the 1960s, the _______________ was the reserve currency, convertible to gold under the Bretton Woods Agreement.

• A)Australian dollar
• B)Canadian dollar
• C)U.S.dollar
• D)Hong Kong dollar
• E)None of the above

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Definitions:

National Railroad

A National Railroad refers to a railway system that is owned or operated by a nation-state, often serving as a major component of the country's transportation infrastructure.

Social Security Act

A law enacted in 1935 to create a system of transfer payments in which younger, working populations support older, retired populations through a tax-funded social insurance program.

Peace Dividend

The economic benefits resulting from the reduction in defense spending, typically after the end of a military conflict.

Military Spending

The amount of financial resources allocated by a nation for its defense forces and military operations.