During 1997 to 2000,interest rates were kept higher in the US while some countries like Germany lowered their interest rate,during this period all of the following happened in the US market except

Question

Quizplus · Accepted Answer

A trade surplus occurs when a country exports more than it imports. However, since the US dollar was appreciating during this period, exports from the US became more expensive, which made it challenging for the US to accumulate a trade surplus. Therefore, of the given options, the US did not accumulate a trade surplus during 1997-2000. The other options, such as financial inflows, rapid economic growth, and an appreciating dollar, were all observed during this period.

During 1997 to 2000,interest Rates Were Kept Higher in the US