Why, according to Stiglitz, is the US dollar unsuited to be the global reserve currency?
a. It gives the United States disproportionate control over global financial markets.
b. A global reserve currency should not be tied to a specific domestic market.
c. It is unstable.
d. Its exchange rates are too high.
c
You might also like to view...
The state government decentralizes power by assigning many functions to units of local government, especially
A) special districts. B) general law cities. C) councils of government. D) counties.
Which of the following statements is true of funding higher education?
A. Professors' salaries in universities have kept pace with increasing tuition. B. The federal government is the chief supplier of student financial aid. C. States are not making any efforts to expand their programs of student aid. D. Because of financial aid from the federal government, the two-track system has been widely used. E. State funding of public colleges and universities is generally stable.