Which of the following statements is (are) correct? During the existen
Which of the following statements is (are) correct? During the existence of the Euro (1999-),
a. borrowing from abroad financed large excesses of merchandise imports over exports in the U.S.
b. the United States has continued to be the world’s largest debtor nation.
c. the dollar initially appreciated but then depreciated strongly since 2001 against the euro.
d. All of the above
ANSWER
B
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