The Basel Capital Accord does NOT include
A) requiring bank owners to invest into and have some capital ownership in the banks they own.
B) supervision of banks by an oversight board.
C) information disclosure designed to encourage market discipline.
D) denying access to foreign capital by a country that defaults on its international loans.
D
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Trade-offs force society to make choices when answering what three fundamental questions?
What will be an ideal response?
According to the purchasing power parity theory of exchange rates:
A. a dollar, when converted to other currencies at the prevailing floating exchange rate, has the same purchasing power in various countries. B. in equilibrium, national currencies have equal value in terms of gold. C. the higher a nation's price level in terms of its own currency, the greater is the amount of foreign exchange it can obtain for a unit of its currency. D. nominal currency values will tend to equalize (become 1 = 1) in the long run.