the:
A)U.S.planned to call for a second Bretton Woods conference.
B)U.S.would no longer support the World Bank.
C)U.S.planned to devalue its currency by 20 percent.
D)dollar was no longer convertible into golD.

Question

Quizplus · Accepted Answer

President Nixon announced in August 1971 that the dollar was no longer convertible into gold.He also announced that a new 10 percent tax on imports would remain in effect until U.S.trading partners agreed to revalue their currencies against the dollar.

The