If the demand of U.S.dollars drops sharply

A) the dollar will depreciate in value.
B) foreigners holding U.S.assets will suffer tremendous losses.
C) Americans will have to pay a lot more for imported goods.
D) the U.S.standard of living will fall.
E) All of the choices are true.

U.S. Dollars

The official currency of the United States, widely used as a standard of exchange in international markets.

Depreciate

A decrease in the value of an asset over time.

Standard Of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.