Domestic savings is expected

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Reference no: EM131865631

1. A decline in the US domestic savings (ceteris paribus) is expected to ___________ US current account deficit.

A. reduce

B. increase

C. have no impact on

D. none of the above

2. LIBOR is the reference rate for interbank loans among major banks in London. This rate is determined by British Bankers’ Association and it reflects the average lending rate of approximately 18 large international banks in London.

True

False

Reference no: EM131865631

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