In Comparing the Size of Central Bank Reserves Relative to World

Multiple Choice

In comparing the size of central bank reserves relative to world imports in the 1948-1972 Period (a relatively fixed exchange rate period) with the same ratio from 1973 onward (a Relatively flexible exchange rate period) , the ratio has been __________ in the more Recent period. This result __________ consistent with the theoretical expectation of Economists.

A) smaller; is not
B) smaller; is
C) larger; is not
D) larger; is