A federal budget deficit ________ interest rates, which ________ exchange rates (foreign currency per domestic currency), and ________ the balance of trade
A) reduces; raises; reduces B) raises; reduces; reduces
C) reduces; reduces; raises D) raises; raises; reduces
D
Economics
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Mortgages issued to borrowers whose credit histories include failures to make payments on bills are known as ________ mortgages
A) subprime B) Alt-A C) catastrophic D) variable rate
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A key objective of the gold standard was to
A) create a flexible exchange rate system between countries. B) create a fixed exchange rate system between countries. C) allow nations to maintain their gold reserves. D) allow nations to tax its citizens in gold.
Economics