The U.S. dollar exchange rate describes the
a. the deficit/surplus situation in the balance of payments.
b. the price of a foreign currency in terms of dollars.
c. the deficit/surplus situation in the merchandise trade balance.
d. future changes in foreign balance of payments.
e. none of the above.
Question 2
The stock market collapse of 1929 might have been averted had large corporations maintained their participation in the market for securities loans in 19251929.
Indicate whether the statement is true or false
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