Which of the Following Resulted in the Abandoning of the Bretton

question 17

Multiple Choice

Which of the following resulted in the abandoning of the Bretton Woods system in the 1970s? 

• A) The inflation rates in the United States and other developed counties were low. 
• B) The United States was not running a trade deficit. 
• C) The dollar became inconvertible into gold. 
• D) Most countries wanted to return to the gold standard system.

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Definitions:

Psychological Research

The scientific study of human behavior, emotions, and mental processes through experiments, observations, and analysis.

Case Studies

In-depth analyses of a single event, situation, or individual to explore and understand underlying principles or phenomena.

General Principles

Fundamental norms, rules, or values that represent what is desirable and positive for a person, group, organization, or community, and help it in determining the rightfulness or wrongfulness of its actions.

Unethical

Acting in ways that violate moral principles and standards of conduct.