The Bretton Woods System Collapsed Because

question 126

Multiple Choice

The Bretton Woods system collapsed because:

• A)the countries started introducing trade barriers.
• B)the collapse of world gold production undermined the operation of the system.
• C)the gold value of the dollar exceeded the exchange value,causing an outflow of gold from the U.S.
• D)the dollar was undervalued.
• E)the exchange value of the dollar exceeded its gold value,causing an inflow of gold to the U.S.

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