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Topic: Business
Number of pages / Number of words: 9 / 2388
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In May, attention was drawn to the fact that the Union of South Africa, a member of the International Monetary Fund, and a gold-producing country, was being seriously handicapped by the low price at which gold was offered for sale in the controlled markets. That country's imports came at inflated prices, while its export gold was held to a prewar price level of $35 per ounce...


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This problem was further emphasized in September, when the Prime Minister of Australia opposed a subsidy for gold mining on the ground that the United States was the world's major buyer, and that if the United States should cease buying gold, the metal's value would drop sharply. The current gold production of the world's gold mines was absorbed by the United States, as well as the official gold reserves of many of the other nations...


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General points of the essay

Entering International Markets How Country Of Origin Image Can Affect International Business Success And Further Internatinal Expansion. International Business law - General Terms of Sale International Capital Markets International Gray Markets International financial markets Operating in International Markets South Africa company investing in EU country south africa gold mines Country Profile on South Africa Cry The Beloved Country Is A Prophecy Of The Future Of South Africa Cry, The Beloved Country: The Breakdown And Rebuilding Of South Africa International Monetary Fund South Africa Country Report What do you understand by Economic and Monetary Union? To what extent does membership of an Economic and Monetary Union constrain a country's use of monetary and fiscal policy

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