Which of the following statements is FALSE? Group of answer choices

The Bretton Woods agreement of 1944 replaced the gold standard with the U.S. dollar as the global currency.

Under the Bretton Woods system, each country had to have a monetary policy that kept the exchange rate of its currency within a fixed valueplus or minus one percentin terms of gold.

The Bretton Woods system created the World Bank to enforce the agreement and serve the function of the global central bank from which member countries can borrow.