The Figure Below Shows the Demand (D) and Supply (S)

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-The Bretton Woods System of exchange rates was established:

A) to solidify support for the then-existing gold standard.
B) to peg the worldwide price of silver to the price of gold.
C) in Europe before World War II to establish a flexible exchange rate regime.
D) in the United States in 1944 to develop a gold exchange standard.
E) by a mechanism that made gold the reserve currency of the system.