When residents and nonresidents rush to convert their holdings of domestic currency into a foreign currency, the phenomenon is generally referred to as capital flight. true / false.

TRUE

Explanation:

Capital flight is an economic phenomenon that consists in observing the atypical movement of economic agents by exchanging one currency for another. This is a phenomenon that happens when in a country's crises, the expectations of economic agents become pessimistic and they demand another currency to withdraw their capital from the crisis country. For example, if Argentina is in a financial crisis, Americans who have invested in that country, whose currency is the Argentine peso, decide to sell their investments in that currency and return to the dollar. Also, Argentines themselves may have a poor perception of their currency and demand dollar as a safer source. The joint action of internal and external agents that demand the exchange of a currency is called capital flight.

answer; i believe the correct answer is (4) flip a coin as each participant arrives,heads indicates assignment to the first group: tails indicates assignment to the second group;

apart from being against desegregation, governor of georgia eugene talmadge opposed as well to the work progress administration, an ambitious program of the "new deal" created by president franklin d. roosevelt to overcome the great depression after world war i. talmadge disagreed with welfare spending, job training and organized labor. according to his ideas, he thought the government was spending too much money on this, and he wasn't willing to accept a wage higher than georgia's lower average wage. besides, talmadge strongly opposed to the "new deal" as he thought it had communist ideas.