It Is Said That the Gold-Exchange System Was Programmed to Collapse

It is said that the gold-exchange system was programmed to collapse in the long run.To satisfy the growing need for reserves,the United States had to run balance-of-payments deficits continuously.Yet,if the United States ran perennial balance-of-payments deficits,it would eventually impair the public confidence in the dollar.This dilemma was known as the

A) Triffin paradox
B) Triffin dilemma
C) Mundell paradox
D) Mundell dilemma

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free