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0. Select the correct code of the following statements being correct or incorrect.Statement (I): International liquidity encompasses the international reserves only.Statement (II): International liquidity covers only official holdings of gold, foreign exchange, SDRs and reserve position in the IMF available for the settlement of the international transactions.
Both the statements are correct.
Both the statements are incorrect.
Statement (I) is correct while Statement (II) is incorrect.
Statement (I) is incorrect while Statement (II) is correct.
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