Explanation:
During the great financial crisis, all three factors mentioned played a significant role in the shortage of the U.S Dollar.
Firstly, there was an increased demand for foreign currency assets, particularly U.S.
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Q.4166 In a discussion panel on mitigating the recurrence of the great financial crisis, a delegate mentioned the following causes of the U.S Dollar shortage during the great financial crisis.
I. Increased appetite for foreign currency assets by non-US investors
II. Cross currency funding
III. U.S. dollar funding gap
Which of the above causes are correct?
A
I and II
B
I and III
C
II and III
D
All of the above
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