The gold standard was dissolved in 1973 because

Question

Quizplus · Accepted Answer

The dissolution of the gold standard in 1973 was due to a combination of factors, including the fact that the US had printed too many dollars to maintain gold at the fixed rate of $35/oz and that some countries, such as Germany and France, preferred to hold gold instead of dollars. Therefore, the correct answer is D, which includes both options A and B. The option C (high interest rates) is not directly related to the dissolution of the gold standard.

The Gold Standard Was Dissolved in 1973 Because