A system in which governments intervene in foreign exchange markets to limit but not eliminate exchange rate fluctuations is referred to as
A. Balance-of-payments exchange rates.
B. Managed exchange rates.
C. Speculative exchange rates.
D. Marginal exchange rates.
Answer: B
Economics
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In the above figure, the slope at point b
A) lies between 1/3 and 1. B) equals 1. C) lies between 1 and 2. D) exceeds 2.
Economics
If the prices of both goods and income increase by the same percentage, what will happen to the budget line?
A) The budget line rotates inward from the intercept on the axis of the good that did not change in price. B) The budget line rotates outward from the intercept on the axis of the good that did not change in price. C) The budget line shifts outward without a change in slope. D) Nothing.
Economics