In response to the weakening of its economy as the Bretton Woods Agreement was breaking down and new approaches to stabilization of currency values was taking place,the United States:
A) announced that it would no longer convert the USD to gold and it imposed a tax on imports.
B) experimented with trying to have its currency float so that the currency markets would determine its value.
C) sought to acquire more gold to reinforce the stability of its economy.
D) sought to sell its gold reserves since gold was selling on the international markets at more than USD 35 per ounce.
Correct Answer:
Verified
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