The Immediate Cause for the Collapse of the Bretton Woods

question 2

Multiple Choice

The immediate cause for the collapse of the Bretton Woods System was:

• A)the expectation that the United States would soon be forced to devalue the dollar
• B)the massive flight of liquid capital from the United States
• C)the attempt by three small European central banks to convert part of their dollar holdings into gold at the Fed
• D)all of the above

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