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Author Question: The dollar overhang concept refers to the situation when a. the number of dollars held in foreign ... (Read 277 times)

jake

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on: Sep 4, 2018
The dollar overhang concept refers to the situation when
 
  a. the number of dollars held in foreign hands grew much faster than the supply of gold backing them.
  b. the U.S. government controlled most of the dollars in circulation.
  c. a large amount of dollars were being held by the International Monetary Fund.
  d. countries were redeeming the dollar for gold at the set price of 35 per ounce.

Question 2

The International Monetary Fund was created during the Bretton Woods system in order to
 
  a. oversee the fixed exchange rate policy.
  b. lend money for long-term development projects.
  c. regulate global financial flows.
  d. lend money for a country's shortterm imbalances.


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jasonq

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Reply #1 on: Sep 4, 2018
Answer to Question 1

a

Answer to Question 2

d


jake

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Reply #2 on: Sep 4, 2018
Thank you!


jasonq

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Reply #3 on: Sep 4, 2018
Always glad to help...


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