When the United States suspended the convertibility of dollars into gold in 1971,this lead to:

Question

Quizplus · Accepted Answer

The suspension of the convertibility of dollars into gold in 1971 was the main cause of the collapse of the Bretton Woods system, which was a system of fixed exchange rates established after World War II. The other options (regional currency boards and creation of the IMF) were not direct consequences of this event.

When the United States Suspended the Convertibility of Dollars into Gold