Most Countries Abandoned Convertibility and the Gold Standard in 1931

Multiple Choice

Most countries abandoned convertibility and the gold standard in 1931 because:

A) there was a sharp decline in the amount of gold mined
B) the Bretton Woods Agreement was signed
C) of the cycle of devaluations resulting from the Great Depression
D) of the collapse of the Weimar Republic and the rise of Germany
E) of the preference for a managed float system