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.