The Bretton Woods system collapsed because:
A) the countries started introducing trade barriers.
B) the collapse of world gold production undermined the operation of the system.
C) the gold value of the dollar exceeded the exchange value,causing an outflow of gold from the U.S.
D) the dollar was undervalued.
E) the exchange value of the dollar exceeded its gold value,causing an inflow of gold to the U.S.
Correct Answer:
Verified
Q18: The balance of payments always balances, because
Q104: The government of a country is not
Q105: Critics of the system of flexible exchange
Q106: The balance of payments is also called
Q107: Under the Bretton Woods agreement,_.
A)nations could not
Q108: The reason the current exchange rate system
Q110: The Bretton Woods system:
A)pegged exchange rates in
Q112: The International Monetary Fund was founded in
Q114: In 2014,the United States' balance of trade
Q190: The Bretton Woods system
A)established a worldwide gold
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents