Alexander Hamilton was our first Treasury Secretary. He convinced President Washington and the Congress to honor our debts to foreigners. There is now talk about not paying foreigners back for what we have borrowed. What effect would that have? cause foreigners to lend more to us cause the U.S. dollar to drop in value cause interest rates to fall decrease unemployment

Alexander Hamilton was our first Treasury Secretary. He convinced President Washington and the Congress to honor our debts to foreigners. There is now talk about not paying foreigners back for what we have borrowed. What effect would that have? cause foreigners to lend more to us cause the U.S. dollar to drop in value cause interest rates to fall decrease unemployment

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter19: Money Creation

Section: Chapter Questions

Problem 1SQ

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