Under the International Monetary System as It Actually Operated Between

question 28

Multiple Choice

Under the international monetary system as it actually operated between 1947 and 1971, the emergence of seemingly chronic deficits and surpluses in various countries' balance- of- payments positions (i.e., deficits and surpluses which did not seem to get eliminated) was called

• A) the liquidity problem.
• B) the confidence problem.
• C) the adjustment problem.
• D) the IMF problem.