International Monetary Problems: Gold and the Balance of Payments

Series: Economics for the Concerned Citizen Series

Duration: 29

Year Published: 1970

Format: 16mm

Color: B&W

Sound: sound

Description: Reports that money is bought at a rate determined by the forces of supply and demand in the foreign-exchange market. Points out that the International Monetary Fund, with over 100 member countries, keeps rates stable. Defines the balance of payments as the relationship between imports and exports and notes that a country which continually runs a deficit would be forced to devalue its currency.

Complete Record: Reports that money is bought at a rate determined by the forces of supply and demand in the foreign-exchange market. Points out that the International Monetary Fund, with over 100 member countries, keeps rates stable. Defines the balance of payments as the relationship between imports and exports and notes that a country which continually runs a deficit would be forced to devalue its currency., NOTE: Two (or more) records have been merged together to create this data.

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