Which of the Following Is the Most Likely Underlying Reason

question 68

Multiple Choice

Which of the following is the most likely underlying reason for the demise of the Bretton Woods system?

• A) U.S. trade deficits
• B) creation of the EU
• C) gold depreciation
• D) WTO restrictions

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Definitions:

Credited

A journal entry that boosts a liability or equity account or reduces an asset or expense account.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being sued or suing in its own name.

Accounting Purposes

The specific reasons or objectives for maintaining financial records and conducting financial analyses, including compliance, reporting, and decision-making.

Legal Purposes

Activities or actions that are undertaken in accordance with law and designed to effectuate legal ends.