Multiple Choice Questions on The immediate cause for the collapse of the Breton Woods system was ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

The immediate cause for the collapse of the Breton Woods system was ........

Economic Affairs Foreign Trade - Trends and Policy
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    The immediate cause for the collapse of the Breton Woods system was

    The expectation that the U.S. would soon be forced to devalue the dollar

    Incorrect Answer

    The massive flight of liquid capital from the U.S

    Incorrect Answer

    The attempt by three small European Central Banks to convert part of their dollar holdings into gold at the Fed.

    Correct Answer

    All of the above

    Incorrect Answer
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    Explanation:

    The immediate cause for the collapse of the Breton Woods system was the attempt by three small European Central Banks to convert part of their dollar holdings into gold at the Fed.

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