Economics · International Economics
The IMF's Special Drawing Rights (SDRs) were created in 1969 primarily to address which problem in the international monetary system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The need to finance reconstruction of war-devastated economies
- 2Excessive volatility of exchange rates under the Bretton Woods system
- 3The global liquidity shortage anticipated as world trade grew faster than gold and dollar reserves✓
- 4Rising inflation in advanced economies caused by loose monetary policy
Correct answer
The global liquidity shortage anticipated as world trade grew faster than gold and dollar reserves
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