When is decentralization of manufacturing facilities most appropriate?
A. When the product serves universal needs
B. When exchange rates are expected to remain relatively stable
C. When the product's value-to-weight ratio is high
D. When there are few trade barriers
E. When the production technology has low minimum efficient scale
E
Business
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The ________ is an IMF asset whose value is based on a weighted basket of four currencies, including the U.S. dollar, European Union euro, Japanese yen, and British pound
A) special drawing right B) gold standard C) Eurobond D) currency board
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Depreciation of a currency occurs when
A) a floating exchange rate adjusts upward. B) a floating exchange rate adjusts downward. C) a fixed exchange rate is adjusted upward. D) a fixed exchange rate is adjusted downward.
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