The breakdown of the Bretton Woods Accord in 1971 resulted in which of these?

Question

Quizplus · Accepted Answer

The breakdown of the Bretton Woods Accord led to the suspension of the international conversion of dollars to gold, as countries were no longer willing to hold large amounts of dollars without the guarantee of being able to convert them into gold at a fixed rate. This led to a floating exchange rate system where currencies could fluctuate freely against each other.

The Breakdown of the Bretton Woods Accord in 1971 Resulted