Which of the Following Best Describes Circumstances Surrounding the Breakdown

question 189

Multiple Choice

Which of the following best describes circumstances surrounding the breakdown of the Bretton Woods system?

• A)The United States was enjoying a persistent trade surplus.
• B)There was too much dependence on the dollar because no other country had a stable currency.
• C)Germany, with its strong currency, refused to defend the dollar.
• D)Speculators were betting on the fall of the dollar.
• E)All the other nations basically wished their currencies to appreciate, which was impossible under the system.

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Definitions:

Physical

Relating to the body as opposed to the mind or emotions; involving bodily movements or activities.

Spiritual

Related to or affecting the human spirit or soul as opposed to material or physical things.

Political

Relating to the structure, organization, government, or the conduct of government affairs.

Identity Development

The process through which individuals form, refine, and understand themselves, often influenced by various personal, social, and cultural factors throughout their lives.