Alexander Hamilton was our first Treasury Secretary. He convinced President Washington and the Congress to honor our debts to foreigners. There is now talk about not paying foreigners back for what we have borrowed. What effect would that have?      cause foreigners to lend more to us   cause the U.S. dollar to drop in value   cause interest rates to fall   decrease unemployment

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Alexander Hamilton was our first Treasury Secretary. He convinced President Washington and the Congress to honor our debts to foreigners. There is now talk about not paying foreigners back for what we have borrowed. What effect would that have? 

 

 

cause foreigners to lend more to us

 

cause the U.S. dollar to drop in value

 

cause interest rates to fall

 

decrease unemployment

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