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:
A)U.S.dollars.
B)German deutsche marks.
C)British pounds.
D)Japanese yen.

Question

Quizplus · Accepted Answer

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 German deutsche marks in the foreign exchange market by speculators who guessed that the mark would be revalued against the dollar.

In 1971,US