Increase in the value of the dollar

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Which of the following situations would likely lead to an increase in the value of the U.S. dollar? [i] OPEC votes to change crude oil price denomination from USD to the euro [ii] The U.S. is spending billions of dollars to lead the international campaign against terrorism [iii] The government of the People's Republic of China allows the Chinese currency (Yuan) to float freely against the USD [iv] Demand for U.S. goods rises among U.S. major trading partners [v] The U.S. is successful is developing cheaper and more efficient alternative energy sources [vi] The U.S. increases its demand for crude oil and natural gas.

A. i, ii, iii

B. ii, iii, iv

C. iii, iv, v

D. iv, v, vi

Reference no: EM131331071

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