Explain the Events That Led to the Failure of the Bretton

question 59

Essay

Explain the events that led to the failure of the Bretton Woods system.

---

Definitions:

Maturity Value

The total amount payable to an investor at the end of a fixed-term investment, including principal and any accrued interest.

Discounted Note

A debt instrument sold for less than its face value that will pay the face value at maturity.

Proceeds

Maturity value less bank discount.