For the United States, a loss in its reserve currency position would likely result in which of the following?

a. More foreign investment in the United States

b. Lower interest rates on government debt.

c. Lower interest rates on private debt.

d. Imports becoming more expensive.

In recent decades, the U.S. has generated a ___________ in its ___________ account.

a. surplus, services

b. surplus, goods

c. surplus, current

d. deficit, services

Which of the following represents a possible benefit of using a cryptocurrency like Bitcoin as a reserve currency?

a. It is volatile.

b. Its value is backed by gold.

c. It is highly centralized.

d. It is not fiat money.