The Bretton Woods system confronted severe problems in the 1960s,problems which included
A)some countries with overvalued currencies refused to devalue their currencies.
B)dollars held by foreign central banks exceeded gold reserves held by the United States.
C)the increased demand for gold brought about by lifting the prohibition against U.S.citizens owning gold.
D)all of the above

Question

Quizplus · Accepted Answer

The Bretton Woods system faced issues in the 1960s, notably the "dollar overhang," where the amount of dollars held by foreign central banks exceeded the U.S. gold reserves, threatening the system's stability.

The Bretton Woods System Confronted Severe Problems in the 1960s,problems