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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Definitions:

Antibody

A protein produced by the body's immune system that recognizes and helps fight infections and other foreign substances in the body.

Immunoglobulin

A type of protein, also known as an antibody, produced by the immune system to fight pathogens, such as bacteria and viruses.

Antigens

Substances that when introduced into the body stimulate the production of antibodies, triggering an immune response.

Primary Immune Response

The initial reaction of the immune system when exposed to an antigen for the first time.