Do you think Benjamin Strong would have agreed with the words below spoken by Franklin Roosevelt...

90.2K

Verified Solution

Question

Finance

Do you think Benjamin Strong would have agreed with thewords below spoken by Franklin Roosevelt in 1933?
“The world will not long be lulled by the speciousfallacy of achieving a temporary and probably artificial stabilityin foreign exchange on the part of a few large countries ... Thesound internal economic situation of a nation is a greater factorin its well-being than the price of its currency.”

Answer & Explanation Solved by verified expert

4.3 Ratings (807 Votes)

Benjamin Strong took charge as the executive officer for the federal reserve system in November 1917 He recognized the importance of open market operations importance of purchase and See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

Do you think Benjamin Strong would have agreed with thewords below spoken by Franklin Roosevelt in 1933?“The world will not long be lulled by the speciousfallacy of achieving a temporary and probably artificial stabilityin foreign exchange on the part of a few large countries ... Thesound internal economic situation of a nation is a greater factorin its well-being than the price of its currency.”