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The Bretton Woods System
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Problem 7
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Problem 10
The Bretton Woods System
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23. Exchange Rates / The Bretton Woods System / Problem 7
Problem 7
How did the imbalance between US dollar reserves and gold reserves affect central banks' confidence in the Bretton Woods System?
A
It had no effect on central banks' confidence.
B
It led to doubts about the US's ability to fulfill its gold redemption promise.
C
It encouraged central banks to increase their gold holdings.
D
It increased central banks' reliance on the US dollar.
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