The Bretton Woods system was eventually dissolved between 1968 and 1973. The overvaluation of the United States dollar led to concerns among the members of the system over the exchange rates and their tie to the price of gold. In August 1971, President Richard Nixon announced the “temporary” suspension of the dollar’s convertibility into gold. While the dollar had struggled throughout most of the 1960s within the parity established at Bretton Woods, this crisis marked the breakdown of the system. A later attempt to revive the fixed exchange rates failed and by March 1973, major currencies began to float against each other.

Even though the Bretton Woods monetary system itself collapsed this way, the so-called Bretton Woods institutions, which were set up along with the Bretton Woods Agreement, the World Bank, the International Monetary Fund (IMF), and the General Agreement on Tariffs and Trade (GATT), now the World Trade Organization (WTO), have survived, still directing international trade and finance to a great extent. As also understood from the information given, the crrect answer is E.