This topic contains a solution. Click here to go to the answer

Author Question: The United States is the world's biggest debtor nation because Americans ________. a. buy foreign ... (Read 105 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
The United States is the world's biggest debtor nation because Americans ________.
 
  a. buy foreign currencies and put them in U.S. Treasury notes as a safe haven
  b. consume more than they produce and import more than they export
  c. live within their means and pay for foreign products with undervalued dollars
  d. invest all of their savings and speculate on foreign currencies
  e. export more than they import and produce more than they consume

Question 2

In an effort to prevent another global depression, world leaders at the Bretton Woods conference in 1944 agreed to a ________.
 
  a. floating exchange rate based on the pound sterling
  b. stable exchange rate and establishment of the WTO
  c. floating exchange rate based on the dollar backed by silver
  d. fixed exchange rate based on the dollar backed by gold
  e. floating exchange rate and establishment of the IMF



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrerig

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

B

Answer to Question 2

D




tiara099

  • Member
  • Posts: 588
Reply 2 on: Sep 4, 2018
:D TYSM


sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library