What cause depletion of gold reserves in gerrmany?
Answers
Answered by
14
Answer:
Germany had fought the war largely on loans and had to pay war reparation in gold. (ii) This depleted gold reserves at a time when resources were scarce. ... (v) With too much printed money in circulation, the value of the German mark fell.
Answered by
2
Explanation:
Gold Reserves in Germany decreased to 3369.80 Tonnes in the third quarter of 2018 from 3371 Tonnes in the second quarter of 2018. Gold Reserves in Germany averaged 3412.68 Tonnes from 2000 until 2018, reaching an all time high of 3468.60 Tonnes in the second quarter of 2000 and a record low of 3369.80 Tonnes in the third quarter of 2018.
Similar questions