Question

Which statement is true of the 1950s?
A) US central bank regulations prevented it from doing so.
B) European currencies were only convertible for non-residents before 1958.
C) Some Americans were accused of being Communist agents.
D) All of the above

Answer 1

I think... ( D ) All the above.


Hope it's help you.. : ))

Answer 2

Answer:

All the statements here are true.

Explanation:

• Before 1958, US banks were not allowed to establish branches abroad. Major European economies had not yet recovered from World War II's consequences. Regulations from the US central bank barred it from doing so.
• Because European currencies were exclusively convertible for non-residents before to 1958, the eurocurrency market did not begin to take shape until the late 1950s. Before 1958, the Soviet Union's member states had no foreign trade revenue.
• The term "McCarthyism" refers to the era in American history in which Wisconsin-born U.S. Senator Joseph McCarthy organised a number of hearings and investigations in the 1950s to uncover alleged communist espionage in various branches of the federal government. Since then, the phrase has come to be used as a shorthand for character or reputation defamation based on publicly publicised, indiscriminate accusations, especially those that lack any supporting evidence. That's why some Americans were accused of being Communist agents.

Thus the correct answer is option D.

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