The Nixon Administration's Devaluation of the U

question 43

True/False

The Nixon administration's devaluation of the U.S. dollar in 1973 had little impact on the deterioration of U.S. trade balances.

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Definitions:

RPM

Revolutions per minute, a unit of rotational speed that indicates the number of turns made by an object in one minute.

Universal Motor

An electric motor that can operate on either AC or DC power and is commonly used in portable tools and appliances.

AC

Alternating Current, a type of electrical current where the flow of electric charge periodically reverses direction, commonly used in power supplies.

DC

Direct Current, an electrical current that flows in one direction only, typical in batteries and DC power supplies.