The 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 The 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

The Gold Standard Was Dissolved in 1973 Because