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4.Which of the followings is NOT the consequence of ending the Bretton Woods System? Select one: A.Major industrialized countries entered the floating exchange rate system
4.Which of the followings is NOT the consequence of ending the Bretton Woods System?
Select one:
A.Major industrialized countries entered the floating exchange rate system after 1973.
B.The government can create a higher growth rate of money supply and caused perennial inflation problem.
C.US unwilling to sacrifice its internal government goal for the stability of the Bretton Woods system.
D.Although the US dollar was no longer backed by gold since 1971, it was still the most important reserve currency in the world.
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