By the late 1950s, dollars held by foreign central banks exceeded ...

[jho37]

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.

[C.mcnichol98]

Answer to Question 1

FALSE

Answer to Question 2

E

[jho37]

YES! Correct, THANKS for helping me on my review

[Perkypinki]

Thanks for the timely response, appreciate it