The Bretton Woods System Broke Down in the Early 1970s

question 138

Multiple Choice

The Bretton Woods system broke down in the early 1970s for all but one of the following reasons.

• A) Deficit countries losing international reserves were not willing to devalue their currencies.
• B) Surplus countries were not willing to revalue their currencies upwards.
• C) Surplus countries were not willing to pursue more expansionary policies.
• D) America had been pursuing an inflationary monetary policy to reduce domestic unemployment.

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Definitions:

Immediacy

The quality of being immediate or direct, often used in communication to refer to the directness or presence in the moment.

Disclose

To disclose is to make known or reveal something that was previously private, secret, or unknown.

Influencing Response

An influencing response is a communication technique used in counseling to guide or impact a client's thoughts, feelings, or behaviors in a therapeutic direction.

Interpretation

The process of explaining, analyzing, or giving meaning to something, such as data, actions, or events.