Economists estimate that ________ of U.S. currency is outside the United States and held primarily by ________
A) over half; households and firms in countries where there is little confidence in the local currency
B) over half; foreign banks and foreign governments
C) less than one quarter; households and firms in countries where there is little confidence in the local currency
D) less than one quarter; foreign banks and foreign governments
Answer: A
You might also like to view...
Why does the return to capital change after trade occurs?
a. There is more labor used per unit of capital in the manufacturing sector. b. There is more capital used per unit of labor in the manufacturing sector. c. There is more labor used per unit of land in the agricultural sector. d. There is more land used per unit of labor in the agricultural sector.
The price level in the economy between 2014 and 2015 rose from 100 to 105. Between 2015 and 2016, the price level rose from 105 to 110.25. How does the short-run Phillips curve predict the unemployment rate will change as a result?
A) The unemployment rate will decrease since inflation decreased. B) The unemployment rate would not change since there is no change in the rate of inflation. C) The unemployment rate will increase since inflation increased. D) The unemployment rate will decrease since inflation increased.