The United States Would Not Need Official Reserves If It

question 43

Multiple Choice

The United States would not need official reserves if it wanted to increase the:

• A)supply of dollars and drive up the dollar price of foreign currencies.
• B)supply of dollars and drive down the dollar price of foreign currencies.
• C)demand for dollars and drive up the dollar price of foreign currencies.
• D)demand for dollars and drive down the dollar price of foreign currencies.

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Definitions:

Commitments

Obligations or pledges to do something, often implying a promise made to others or oneself.

Impression Management

The process by which individuals attempt to control the perceptions others have of them.

Phony

Not genuine; fake or deceitful in character or behavior.

Selective Perception

The tendency to define problems from one’s own point of view.