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Keynesproposed the bancor because he wanted to create a monetary system that was nottied to natural commodities like gold or to a single country like the dollar.To put it more simply, he was concerned that a monetary system bound to goldwould cause deflation, while exposure to the unchecked policies of the UnitedStates could lead to severe inflation.
YES l NO
Keynesproposed the bancor because he wanted to create a monetary system that was nottied to natural commodities like gold or to a single country like the dollar.To put it more simply, he was concerned that a monetary system bound to goldwould cause deflation, while exposure to the unchecked policies of the UnitedStates could lead to severe inflation.
YES l NO
Y E S