BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
Under the Bretton Woods System, currencies were pegged to the US dollar which was convertible to gold. What major challenge did this system face that led to its eventual collapse?
1
Excessive gold reserves in the United States
2
Inflexibility to respond to changes in global trade flows
3
Continuous appreciation of major world currencies
4
Stability of all major economies involved
5
Rapid technological advancements in banking