Which of the Following Factors Caused the Dollar to Be

question 45

Multiple Choice

Which of the following factors caused the dollar to be undermined as the main currency in international commerce?

• A)China allowing its currency, the yuan, to become freely convertible
• B)Concerns over U.S. government debts
• C)Concerns of U.S. government budget surpluses
• D)The "Race to the Bottom"

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Definitions:

Procrastination

The action of delaying or postponing tasks, often due to lack of motivation, fear of failure, or poor time management.

International Standards

Agreed-upon norms and criteria developed by global organizations to ensure quality, safety, and efficiency.

Multinational Companies

Corporations that own or control production of goods or services in one or more countries other than their home country.

Philosophy of Manufacturers

The underlying beliefs and principles that guide the actions, decisions, and policies of individuals or entities that produce goods for market consumption.