Why Did the Bretton Woods System Ultimately Break Down

question 16

Multiple Choice

Why did the Bretton Woods system ultimately break down?

• A)The refusal of OPEC countries to accept payment for oil in gold.
• B)The refusal of surplus countries to devalue as required by law.
• C)An inability to devalue the U.S.dollar despite chronic payments deficits.
• D)An inability to adequately measure balance of payments surpluses and deficits.

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Goods and services that are produced within and valued for their cultural significance, often reflecting a society's traditions, heritage, and lifestyle.

Behavior Problems

Actions or conduct by an individual that are disruptive or inappropriate according to societal norms or expectations.

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Young human beings, typically those under the age of puberty.