Question

I’m a given year, the value of a dollar against other foreign currencies. This is most lickely the result of which of the following?
The Byrd rule

A balanced budget

The PAYGO system

Entitlement programs

Answer 1

Answer: B

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Answer 2

Janet Yellen, the Fed chair, has repeatedly said that the impending sequence of rate hikes will be much slower than previous monetary cycles, and predicts that it will end at a lower peak level. While central bankers cannot always be trusted when they make such promises, since their jobs often require them deliberately to mislead investors, there are good reasons to believe that the Fed’s commitment to “lower for longer” interest rates is sincere.