Which of the following is a major change since the Bretton Woods agreement broke down?
A)A retreat to isolationism reduced trade and capital flows.
B)Nations of the world have grown more interdependent because of the growth of world trade.
C)Nations of the world have become more independent and exchange rate risks have been reduced.
D)Exchanges rates have become more stable.

Question

Quizplus · Accepted Answer

The breakdown of the Bretton Woods agreement led to the adoption of floating exchange rates and increased global economic interdependence due to the growth of world trade. This has led to an increase in capital flows and global economic integration. Options A, C, and D are all incorrect as they do not accurately reflect the changes that have occurred since the breakdown of the Bretton Woods agreement.

Which of the Following Is a Major Change Since the Bretton