gold standard was dissolved in 1973 because
A) the U.S. printed too many dollars to maintain gold at $35/oz
B) exchange markets preferred a floating rate system
C) high interest rates raised the cost of holding gold
D) some countries preferred to hold gold instead of dollars

Question

Quizplus · Accepted Answer

The Answer of gold standard was dissolved in 1973 because
A) the U.S. printed too many dollars to maintain gold at $35/oz
B) exchange markets preferred a floating rate system
C) high interest rates raised the cost of holding gold
D) some countries preferred to hold gold instead of dollars

Gold Standard Was Dissolved in 1973 Because