Question

Consider the following statements: Statement I: A very strong US Dollar squeezes global credit. Statement II: Many countries and companies outside America borrow in Dollars. Which of the following is correct in respect of the above statements?

A Both statement I and statement II are correct and statement II is the correct explanation for statement I

B Both statement I and statement II are correct and statement II is not the correct explanation for statement I

C Statement I is correct but statement II is incorrect

D Statement I is incorrect but statement II is correct

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