Which of the Following Is a Reason Why Great Britain

question 122

Multiple Choice

Which of the following is a reason why Great Britain and the United States could finance their deficits by borrowing private money since the early 1970s?

• A)Rapid development of global capital markets
• B)Shortage of International Monetary Fund grants available for disbursal
• C)High interest rate charged by the International Monetary Fund
• D)Establishment of currency boards in these countries
• E)Decline of the Bretton Woods system

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