Americans needing foreign currencies get those currencies from a bank. The ultimate source of these currencies is
a. U.S. investments abroad.
b. U.S. sales to foreign countries.
c. U.S. purchases of foreign goods, services, and assets.
d. the International Monetary Fund.
B
Economics
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The typical age-earnings cycle shows that
A) there is a positive relationship between age and earnings that eventually turns into a negative relationship. B) there is a constant positive relationship between age and earnings. C) there is a constant negative relationship between age and earnings. D) there is no relationship between age and earnings.
Economics
Taxes create deadweight loss when they
a. distort behavior. b. cause the price of the product to increase. c. don't raise sufficient government revenue. d. cannot be computed easily.
Economics