In March 2009, China held $1.95 trillion in foreign reserves.Approximately 40 percent of China's reserves were in the form of U.S.Treasuries.This is an example of:
A)a crowding out effect.
B)internationalizing the U.S.debt.
C)policy conversion.
D)the real debt.

Question

Quizplus · Accepted Answer

China holding a significant portion of its foreign reserves in U.S. Treasuries is an example of internationalizing the U.S. debt, as it involves foreign countries holding U.S. government debt.

In March 2009, China Held $1