Given the prices of two goods, all quantity combinations outside the budget line are:

Some claim that the long and agonizing periods of speculation preceding exchange rate realignments would

A) not occur under fixed exchange rate regime. B) not occur under floating. C) become more severe under currency board. D) become less severe under floating. E) be prolonged under floating.

A shortcoming of swaps that has led to the domination of the swaps market by large firms and financial institutions is

A) the lack of privacy. B) need to assess creditworthiness. C) desire for more flexibility. D) limited size of the market.