Oil In Us Economy
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Title: Oil In Us Economy

Essay Details:

Subject: Business
Author: Rochelle E
Date: October 31, 2016
Level: University
Grade: A
Length: 11 / 3046

Essay text:

economy. Hence, the Europeans created the euro to compete with the dollar as an alternative international reserve currency. Obviously the E.U. would also like oil priced in euros as well, as this would reduce or eliminate their currency risk for oil purchases. The `old rules' for valuation of the U.S. dollar currency and economic power were based on its flexible market, free flow of trade goods, high per worker productivity, manufacturing output/ trade surpluses, government oversight of accounting methodologies (ie. SEC), developed infrastructure, education system, and of course total cash flow and profitability...

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