If a developing country institutes a currency board, it relinquishes control over having
A) monetary policy autonomy.
B) exchange rate stability.
C) freedom of capital movement.
D) freedom of labor movement.
E) all of its funds.
A
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The discount rate is typically:
A. determined by the government, and does not correlate with other interest rates. B. about the same as federal funds rate. C. higher than federal funds rate. D. lower than federal funds rate.
Consumption is
A. positively related to household income and wealth, interest rates, and households' expectations about the future. B. determined only by income. C. positively related to household income and wealth and households' expectations about the future, but negatively related to interest rates. D. negatively related to household income and wealth, interest rates, and households' expectations about the future.