The immediate cause for the collapse of the Bretton Woods system was
A. the expectation that the U.S. would soon be forced to devalue the dollar.
B. the massive flight of liquid capital from the U.S.
C. the attempt by three small European Central Banks to convert part of their dollar holdings into gold at the Fed.
D. All of the above
Answer:D
The immediate cause for the collapse of the Bretton Woods system was
A. the expectation that the U.S. would soon be forced to devalue the dollar. B. the massive flight of liquid capital from the U.S. C. the attempt by three small European Central Banks to convert part of their dollar holdings into gold at the Fed. D. All of the above