Author Question: By the late 1950s, dollars held by foreign central banks exceeded the official dollar value of U.S. ... (Read 91 times)

jho37 · **on:** Jun 29, 2018

By the late 1950s, dollars held by foreign central banks exceeded the official dollar value of U.S. gold reserves.

Indicate whether the statement is true or false

Question 2

An increase in U.S. federal government budget deficits that raises U.S. interest rates relative to the rest of the world should

A) raise the trade balance.
B) decrease foreign portfolio investment.
C) cause the dollar to depreciate.
D) increase net exports.
E) lead to a current account deficit.