The Trigger for Escalation of American Involvement in Vietnam Was

question 17

Multiple Choice

The trigger for escalation of American involvement in Vietnam was

• A) The Tet Offensive
• B) The Gulf of Tonkin incident
• C) The American attack on Cambodia
• D) The fall of Laos to communism

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Definitions:

Reserves

Funds that banks use to satisfy the cash demands of their customers and the reserve requirements of the Fed; reserves consist of cash held by banks plus deposits at the Fed.

Acquire Funds

The process of obtaining capital or money to finance operations, investments, or other business activities.

Foreign Exchange Markets

Markets involving the trading of currencies worldwide which facilitate currency conversion for international transactions and investments.

Stability

The condition where an economy or a financial system operates without excessive fluctuations or crises.