Which of the Following Is a Reason Why Great Britain

question 34

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) The 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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Definitions:

Average Speed

The total distance traveled divided by the total time taken to travel that distance.

Los Angeles

A major city in the state of California, USA, known for its entertainment industry, diverse population, and cultural landmarks.

Miles Per Hour

A unit of speed expressing the number of miles traveled in one hour, commonly used in the United States and the UK.

Miles Apart

A figurative expression indicating a significant difference in opinions, positions, or offers.