Multiple Choice
The event that essentially led to the end of the Bretton Woods system was
A) the devaluation of the British pound in 1967.
B) the introduction of the euro in 1999.
C) the introduction of Special Drawing Rights (SDRs) in 1970.
D) the U.S. government's declaration in 1971 that it would no longer buy and sell gold From or to foreign central banks in exchange for dollars.
Correct Answer:
Verified
Correct Answer:
Verified
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