Which of the following led to the eventual demise of the fixed currency exchange rate regime worked out at Bretton Woods?
A. Widely divergent national monetary and fiscal policies among member nations.
B. Differential rates of inflation across member nations.
C. Several unexpected economic shocks to member nations.
D. all of the above
Answer:D
Which of the following led to the eventual demise of the fixed currency exchange rate regime worked out at Bretton Woods?
A. Widely divergent national monetary and fiscal policies among member nations. B. Differential rates of inflation across member nations. C. Several unexpected economic shocks to member nations. D. all of the above