How does a country that introduces a currency board make its commitment to converting its domestic currency on demand into another currency at a fixed exchange rate credible?
A. By borrowing funds from the International Monetary Fund and the World Bank
B. By maintaining a trade surplus with foreign countries
C. By holding foreign currency reserves equal at the fixed exchange rate to at least 100 percent of the domestic currency issued
D. By importing more goods from foreign countries than it exports
E. By printing foreign currencies
C
Business
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If your money doubled in 8 years, then your annual rate of interest is approximately
A) 7.2%. B) 8%. C) 9%. D) 10%.
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The advantage of the Delphi technique is that it allows the collection of expert judgments without the costs and logistical difficulties associated with bringing many experts together for face-to-face meetings
Indicate whether the statement is true or false
Business