We focus on how important the U.S. is to the world economy. Select 1 of the 2 questions to answer. Be certain to read classmates post BEFORE you post so we avoid duplication of content. #1) Suppose the Federal Reserve Board unexpectedly raises interest rates in the United States. How will this action affect the foreign-exchange market? #2) Although widely used the U.S. dollar is not a universal currency. Would we want a universal currency? Yes or No and Why

Answer rating: 100% (QA)

Ill address question 1 If the Federal Reserve Board unexpectedly raises interest rates in the United ... View the full answer