Changes in currency values ______.
a. occurred daily or even hourly under the Bretton Woods system
b. are frequent and of large magnitude under the flexible-rate system
c. of 30 percent overnight are fairly common under the flexible-rate system
d. were infrequent but of large magnitude under the Bretton Woods system
d. were infrequent but of large magnitude under the Bretton Woods system
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Are developing countries experiencing a demographic transition much like the one developed countries did at their earlier stages of economic development or are there important differences?
What will be an ideal response?
If an investor is certain that market interest rates will decline in the future, which of the following will she be most likely to purchase?
A) a six-month government bill B) a two-year government note C) a ten-year government bond D) a fifty-year government bond