6.In mid-1960s, the US dollar shortage was turned into a glut. Which of the following reason is correct?

Select one:

A.The price of gold outside the US reached US$34 as the public confidence towards the US government maintaining the par was no doubt.

B.The spring of 1971, people saw massive flows from deutsche (German) mark to the dollar.

C.In August 1971, the news report that France and Britain were planning to convert gold into dollars from the US government caused buying of the US dollar.

D.The excessive spending from the US government on the Vietnam War abroad, social welfare program at home and the space race with the USSR raised the US inflation rate and caused the rise of the US Balance of Payment deficit.