What was one signal that the U.S.dollar was overvalued in the early 1970s?

Question

Quizplus · Accepted Answer

The recurring balance of trade deficits in the United States signaled that the U.S. dollar was overvalued in the early 1970s. This is because a strong currency tends to promote imports over exports, leading to a deficit in the balance of trade. The U.S. was experiencing consistent trade deficits during this time, indicating that the dollar was too strong and making U.S. exports less competitive in the global market.

What Was One Signal That the U