Question: 1.The dollar's value increased when the Fed cut interest rates in late 2007. True or False 2.A drop in value of the dollar hurts U.S.

1.The dollar's value increased when the Fed cut interest rates in late 2007. True or False

2.A drop in value of the dollar hurts U.S. importers and helps U.S. exporters, all else held constant.

True or False

3.During much of the 1800s, developed nations employed what came to be known as the Bretton Woods international monetary system to manage exchange rates. t or f

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