Question

explain the collapse of fixed exchange rate and introduction of floating exchange rate cost in 1960s​

Answer 1

Answer:

From 1960s, the rising cost of US's involvements weakened its competetive strength. This eventually led to collapse of fixed exchange rates & introduction of a system of floating exchange rates. ... US dollar could not maintain its value in relation to gold

Answer 2

Explanation:

From 1960s, the rising cost of US's involvements weakened its competetive strength. This eventually led to collapse of fixed exchange rates & introduction of a system of floating exchange rates. ... US dollar could not maintain its value in relation to gold.

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