The process of "demonetization of gold" involves
A. a sudden fall in private demand for gold in a country due to discovery of a minable gold deposit.
B. gold sales into the private market in recent decades by central banks and the International Monetary Fund (IMF).
C. a sudden increase in the private demand for gold in a country, forcing its central bank to sell off gold.
D. the purchase of gold and supply of money into the market by the central banks to defend the fixed gold prices.
Answer: B
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