Why did foreign oil replace domestic oil in the late 1950s? A. It was cheaper to produce and import foreign oil.
B. Foreign oil was better quality than domestic oil.
C. The government shut down all domestic oil production.
D. Treaties were negotiated to bring in competition.

the correct answer is d. the monetary reserve is a set of funds represented in currency, money or similar, saved as a forecast of possible needs or for legal reasons.

the increase or decrease in the monetary base influences in the increase or decrease of the inflation rate. therefore, the excess of monetary reserve will cause the reduction of inflation.

toi khong biet cau tra loi

the correct answer would in fact be b. (: