Economy, asked by ajaychaudhary96647, 8 months ago

What Led to the collapse of the system of fixed exchanged of rates ?

Answers

Answered by sanjuambastha

Answer:

The US could no longer fix the exchange rate of the dollar to gold as the exchange rate value was way out of line with the domestic value of the dollar (which had been eroded by inflation). ... As a result, the US abandoned the fixed exchange rate system.

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