Author Question: The United States is the world's biggest debtor nation because Americans ________. a. buy foreign ... (Read 65 times)

tiara099 · **on:** Sep 4, 2018

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