We shouldn't be concerned about U.S. currency held abroad because
A) the currency will never return to the United States.
B) foreigners use it to buy U.S. bonds.
C) it represents an interest-free loan to the United States.
D) foreigners can't spend it in their own countries.
C
Economics
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The pre-2008 boom affected the Eurozone nations, many of which engaged in:
A) fiscal restraint. B) overconsumption, excessive and wasteful construction, and asset speculation. C) tight monetary policies that resulted in recession. D) wage restraint policies that angered unions.
Economics
According to new classical model, real wages
a. rise when income rises. b. falls when income rises. c. do not move within income. d. fall if the expected price level is too high and rise if the expected price level is too low. e. none of the above.
Economics