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20. occurred when amount of U.S. dollar assets held by nonreserve central banks exceeded the total supply of gold in the U.S. Treasury at the

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20. occurred when amount of U.S. dollar assets held by nonreserve central banks exceeded the total supply of gold in the U.S. Treasury at the established dollar/gold exchange rate. a. Dollarization b. Dollar overhang c. Balance of payments deficits d. Revaluation of the dollar e. A decline in the value of nonreserve currencies

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