The Bretton Woods System of Adjustable Pegs Gave Way to Floating

The Bretton Woods system of adjustable pegs gave way to floating exchange rates because, among other things:

A) the United States ran persistent large balance of payments surpluses, which prevented other countries from accumulating any dollar reserves.
B) the United States accumulated all the world's gold.
C) central bank intervention required to maintain the pegs interfered with monetary policy goals.
D) floating exchange rates would be more stable.