Which of the following describes the primary impact of devaluation of a nation's currency?
a. It increases exports.
b. It lowers taxes.
c. It increases the spending power of citizens within that country.
d. It lowers interest rates.
e. All of the above are true.
A
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According to Stiglitz, what is the virtue of a global reserve currency with annual emissions?
a. Countries would no longer have to squirrel away currency, which would increase demand. b. It will reduce US power abroad. c. It will enhance the regulatory power of international financial governance. d. It will make financial markets more regular and predictable.
Which of the following is a difference between a civil lawsuit and a criminal lawsuit?
A) Unlike defendants in civil lawsuits, defendants in criminal lawsuits are prosecuted by public officials. B) Unlike civil lawsuits, criminal lawsuits are initiated by private parties. C) Unlike judgements in criminal lawsuits, judgements in civil lawsuits involve penalties. D) Unlike criminal lawsuits, civil lawsuits involve wrongs committed against the public as a whole. E) Unlike criminal lawsuits, civil lawsuits result in imprisonment.