In ________, most countries, including the United States, gave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand.

Question

Quizplus · Accepted Answer

In 1971, the United States ended the Bretton Woods system, which had fixed exchange rates, and began allowing them to be determined by supply and demand. This marked the beginning of the era of floating exchange rates.

In ________, Most Countries, Including the United States, Gave Up