What was the Triffin Paradox?
What will be an ideal response?
International trade needed only the U.S. dollar as a source of liquidity for expansion. This expansion depended on foreigners' willingness to continually increase their holdings of dollars as long as they trusted the integrity of the U.S. currency. However, as foreign dollar holdings increased, people began to question the ability of the United States to be able to redeem those dollars for gold. This was referred to as the Triffin paradox.
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When is an enclosure notation required in a business letter?
A) All business letters require enclosure notations. B) When the letter is typed by one person to express the sentiments of another person C) When the letter is sent in printed form rather than electronic form D) When the letter includes other documents
Interpersonal skills are quite important because they enable you to
A) cover up for deficiencies in technical skills. B) become successful in business without working so hard. C) connect with other people leading to business success. D) trick people into believing that you are competent.