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Hardening denominational divisions became apparent
Official Reserve
Assets held by a central bank in foreign currencies, gold, or other reserves, used to back liabilities and influence monetary policy.
Balance on Current Account
Refers to the difference in value between a country's exports and imports of goods, services, investment incomes, and transfers.
Capital Account Balance
A component of the balance of payments which records net changes in a country's international financial assets and liabilities, including direct investment, portfolio investment, and other investments.
U.S. Dollar
The official currency of the United States and a primary reserve currency used globally in international transactions.
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