What Was Involved in the US Policy of NSC-68?​

question 95

Multiple Choice

What was involved in the US policy of NSC-68?​

• A)​Initiation of the McCarthy hearings to root out communism in the US.
• B)​Economic sanctions against China.
• C)​Revocation of diplomatic recognition of the People's Republic of China.
• D)​Invoking a policy of containment of Communism in Asia.
• E)​A naval blockade of the Pacific Rim between Japan and the Asian continent.

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Definitions:

Savings Account

A deposit account held at a bank or financial institution that earns interest and is designed for the purpose of saving rather than daily transactions.

Mortgage Loan

A loan used to purchase a piece of property, where the property itself serves as collateral for the loan.

Open-Market Sales

The selling of government securities in the open market to reduce the money supply and influence interest rates.

Money Supply

The total amount of money available in an economy at a particular time, including cash, coins, and balances held in checking and savings accounts.