For at Least Two Years from Early 2006 to Early

question 38

Multiple Choice

For at least two years from early 2006 to early 2008, the euro maintained a strong and steady rise in value against the U.S. dollar (USD) . Which of the following were NOT a contributing factor in the assent of the euro and the decline in the dollar?

• A) severe U.S. balance of payments deficits
• B) a general weakening of the dollar after the attacks of September 11, 2001
• C) large U.S. balance of payment surpluses
• D) All of the above were contributing factors.

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Definitions:

Break-Even Point

The point at which total costs and total revenues are equal, resulting in no net loss or gain.