The Bretton Woods System Came to an End Because

question 39

Multiple Choice

The Bretton Woods system came to an end because:

• A) of a combination of rising productivity elsewhere and US inflationary policies.
• B) the exchange rate of the American dollar was allowed to change unilaterally.
• C) every central bank needed to maintain gold reserves.
• D) it increased the exchange rate of the US dollar.

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Definitions:

Characteristic Patterns

Recurring behaviors or attributes that are typical of a person, group, or process.

Behavior

refers to the actions or reactions of an individual or system in response to external or internal stimuli.

Emotion

A complex psychological state involving an organism's physiological response, subjective experience, and expressive behavior.

Thought

Thought encompasses the mental processes of perception, cognition, and reasoning that the mind engages in to interpret and interact with the world.