The Event That Essentially Led to the End of the Bretton

question 23

Multiple Choice

The event that essentially led to the end of the Bretton Woods system was

• A) the devaluation of the British pound in 1967.
• B) the introduction of the euro in 1999.
• C) the introduction of Special Drawing Rights (SDRs) in 1970.
• D) the U.S. government's declaration in 1971 that it would no longer buy and sell gold From or to foreign central banks in exchange for dollars.

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Definitions:

Joint Control

A situation in which two or more parties have agreed upon shared control over a business activity, requiring unanimous consent for decision-making.

Joint Ventures

A commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities.

Control Over Venture

The power or ability to govern the financial and operating policies of an entity so as to benefit from its activities.

Equal Resources

The concept that entities or individuals have access to the same amount of resources, enabling equitable opportunities.