One Problem with the Bretton Woods System Was That

question 83

Multiple Choice

One problem with the Bretton Woods System was that:

• A)the total number of United States (US)dollar reserves held by central banks was greater than US gold reserves.
• B)some countries with overvalued currencies refused to devalue them.
• C)in the early days of the system, many currencies were undervalued versus the US dollar.
• D)gold discoveries caused worldwide inflation.

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