As a Result of Its Balance of Payments Deficit in the 1960's

question 13

Multiple Choice

As a result of its balance of payments deficit in the 1960's and the effect on its currency:

• A)the United States was able to sell all of its gold holdings at the established price of USD 35 per ounce.
• B)the United States was no longer able to sell its gold holdings at the established price of USD 35 per ounce.
• C)the USD ceased to be the key international currency that it was under the Bretton Woods Agreement.
• D)the IMF had to make temporary loans to the United States.

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