Which of the Following Statements Accurately Depicts What Happened to the Bretton

question 109

Multiple Choice

Which of the following statements accurately depicts what happened to the Bretton Woods system of fixed exchange rates?

• A) The system never got off the ground, and collapsed in the late 1940s.
• B) The system worked well for about a decade, then collapsed in the mid-1950s.
• C) The system began to show signs of strain in the 1960s, and finally collapsed in 1973.
• D) The system remained in place until the early 1990s when an international conference was convened in Finland to develop a managed float system.
• E) The system was replaced by the Jamaica Agreement at the urging of the U.S.