The United States had large and growing trade deficit between 1980 and 1985. Despite this, the value of U.S. dollar rose during this period. Which of the following is a factor that caused this occurrence?
A) United States attracted heavy inflows of capital from foreign investors during this period.
B) Banks in the United States offered low interest rates to investors during this period.
C) Markets across the world witnessed strong economies during this period.
D) Developed countries in Europe maintained trade equilibrium and supplied goods to underdeveloped countries.
Correct Answer:
Verified
Q31: Which of the following changes were made
Q46: Which of the following arguments strengthen the
Q53: Which of the following arguments is against
Q54: The monetary autonomy argument holds that
A) each
Q64: The International Monetary Fund has been criticized
Q66: A currency crisis occurs due to
A) the
Q73: Which of the following is a function
Q77: Which of the following is a common
Q78: A country that introduces a currency board
Q79: Which of the following is a factor
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents