For at least two years from early 2006 to early 2008, the euro maintained a strong and steady rise in value against the U.S. dollar (USD). Which of the following were NOT a contributing factor in the assent of the euro and the decline in the dollar?

Question

Quizplus · Accepted Answer

Large U.S. balance of payment surpluses would actually strengthen the dollar, not weaken it, and therefore would not contribute to the rise of the euro. Severe U.S. balance of payments deficits and a general weakening of the dollar after the attacks of September 11, 2001 were contributing factors to the rise of the euro.

For at Least Two Years from Early 2006 to Early