29) A U.S. tariff on imported steel is a net destroyer of jobs in the U.S A) TRUE B) FALSE 30) The following euro quote $1.1725-28 means that the dealer offers to buy for $1.1728 and to sell for $1.1725. A) TRUE B) FALSE 31) The indirect quote is the amount of foreign currency that will fetch one unit of the domestic currency. A) TRUE B) FALSE 32) Other things equal, a weak curreney encourages exports. A) TRUE B) FALSE 33) The U.S. dollar is the world's strongest currency because it is backed by gold. A) TRUE B) FALSE 34) A stronger euro benefits: A) U. S. exporters B) European consumers C) European exporters D) both (A) and (B) E) both (B) and (C). 35) The current international monetary system requires all countries to fix their exchange rates in terms of the U.S. dollar. A) TRUE B) FALSE