Social Sciences, asked by gill4888, 11 months ago

why did fixed exchange rate system collapse in 1960

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Answered by vivekshj30

3

Answer:

Fixed Exchange Rate Bretton Woods Background. ... When the United States' postwar balance of payments surplus turned to a deficit in the 1950s and 1960s, the periodic exchange rate adjustments permitted under the agreement ultimately proved insufficient.Apr 14, 2019

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