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During the 1990s, the U.S. Secretary of the Treasury often stated, A strong dollar is in the interest of the United States. (Chapter 10, learning

During the 1990s, the U.S. Secretary of the Treasury often stated, "A strong dollar is in the interest of the United States." (Chapter 10, learning objective 4)

  1. Is this statement true? Explain your answer.
  2. What can the Secretary of the Treasury actually do about the value of the dollar relative to other currencies?

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