The international liquidity problem

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Reference no: EM13976406

The international liquidity problem of the 1960s refers to

a. the continuing problem from the 1950s of dollar shortages

b. the reductions in domestic money supplies among major industrial nations

c. the refusal of the Fed to convert foreign official holdings of dollars into gold

d. the dilemma that providing global liquidity also required the United States to run persistent trade deficits.

Please explain your answer.

Reference no: EM13976406

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