In 1971,U.S.trade figures showed that for the first time since 1945,the United States was importing more than it was exporting.This set off massive purchases of _____ in the foreign market by speculators.
A) U.S. dollars
B) German deutsche marks
C) British pounds
D) Japanese yen
E) Chinese yuan

Question

Quizplus · Accepted Answer

Speculators anticipated that the U.S. dollar would weaken due to the trade deficit, so they purchased German deutsche marks, which were seen as a stronger currency at the time.

In 1971,US