If the United States Has a Current Account Deficit with England

question 58

Multiple Choice

If the United States has a current account deficit with England of $1 million,and the Bank of England sells $1 million worth of pounds in the foreign exchange market,then England ________ $1 million of international reserves and its monetary base ________ by $1 million.

• A)gains;rises
• B)gains;falls
• C)loses;rises
• D)loses;falls

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Definitions:

Title VII

A provision of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Union Membership

The state of being a member of an organization (union) that represents employees' interests, such as wages, working conditions, and benefits.

Recruiting

The process of identifying, attracting, and selecting candidates for employment to fill open positions within an organization.

Promotion

Promotion refers to the act of raising someone to a higher position or rank, or the process of actively supporting or favoring a cause or product.