The current international monetary system requires

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Reference no: EM132005893

1. The sale of computers to Argentina is a credit in the U.S. current account.

TRUE

FALSE.

2. The purchase of clothing from China is a debit in the U.S. current account.

TRUE

FALSE.

3. The current international monetary system requires all countries to fix their exchange rates in terms of the U.S. dollar.

TRUE

FALSE.

Reference no: EM132005893

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