In Response to the Overvalued Dollar in the Early 1970s,the

question 5

Multiple Choice

In response to the overvalued dollar in the early 1970s,the German Bundesbank bought dollars and sold marks to keep the exchange rate fixed,gaining international reserves. The huge purchase of international reserves meant that the German monetary base began to ________,leading to ________ growth in the German money supply.

• A)decline;sluggish
• B)decline;rapid
• C)grow;sluggish
• D)grow;rapid

---

Definitions:

Planes

Large fixed-wing aircraft that are propelled forward by thrust from a jet engine or propeller, used for transporting passengers and cargo over long distances.

Houses

are structures serving as living quarters for one or more persons, especially for a family.

Macaroni

A type of pasta made in the shape of narrow tubes, commonly used in various dishes.

Beach

A natural landform alongside a body of water, typically consisting of sand, pebbles, or rocks.