Statement I: If the dollar keeps falling in value,most likely the euro will replace it as an international currency.
Statement II: Economist Paul Krugman noted that a declining dollar makes foreign investment in dollar-denominated assets much less attractive.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

International Currency

A currency that is widely used for global transactions and accepted between countries, such as the US dollar or Euro.

Paul Krugman

An American economist and columnist known for his work on international economics, trade theory, and economic geography, as well as for being a Nobel laureate.

Dollar

The name of the official currency in several countries, including the United States, and a standard unit of currency in international markets.