Why Did the Breakdown of the Bretton Woods System Occur

question 98

Multiple Choice

Why did the breakdown of the Bretton Woods system occur?  

• A) because the world economy was basically unhealthy 
• B) because it was undermined by the collapse of world gold production 
• C) because the U.S. dollar was undervalued 
• D) because the U.S. dollar was overvalued

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Product Liability Lawsuit

Legal action taken against a manufacturer or seller for producing or selling a defective product that causes injury or harm to the consumer.

Vacation Pay

A benefit provided by employers that pays employees while they are on holiday.

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Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and ability to fund day-to-day operations.