The Bretton Woods System Confronted Severe Problems in the 1960s,problems

question 38

Multiple Choice

The Bretton Woods system confronted severe problems in the 1960s,problems which included

• A)some countries with overvalued currencies refused to devalue their currencies.
• B)dollars held by foreign central banks exceeded gold reserves held by the United States.
• C)the increased demand for gold brought about by lifting the prohibition against U.S.citizens owning gold.
• D)all of the above

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