Foreign exchange market intervention refers to:
a. actions taken by speculators to increase profits from trading.
b. actions taken to lower currency trading risks and make the markets safer.
c. the forgiving of penalties and other punishments for illegal foreign exchange activities.
d. government purchases or sales of a nation's own currency in international markets to change or stabilize the value of the currency.
Ans: d. government purchases or sales of a nation's own currency in international markets to change or stabilize the value of the currency.
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A single production possibilities frontier assumes
A) a given set of resources. B) only one good can be produced from a given set of resources. C) resources are free. D) there are no opportunity costs of production. E) all of the above.
Which of the following is NOT a stage of development that modern rich nations have gone through?
A) service stage B) agricultural stage C) manufacturing stage D) inflation stage