question archive Up to 1957, the U
Up to 1957, the U
Subject:EconomicsPrice:2.88 Bought3
Up to 1957, the U.S. deficits were small and the United States settled most of them in dollars. Nations with surplus were willing to accept dollars for what reason?
A. The U.S. stood ready to exchange dollars for gold at the fixed price of $35 an ounce
B. Dollars could be used as an international currency in bilateral transactions with the US only
C. Dollar deposits earned no interest
D. The US was going to devalue their currencyc
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