Flexible, or floating, exchange rate is determined by the:
a. World Bank. b. forces of supply and demand.
c. price of gold. d. Federal Reserve.
b
Economics
You might also like to view...
Suppose that the United Kingdom pegs the pound to the euro and the European Central Bank decides to use monetary policy to offset the possible inflationary effects of European expansionary fiscal policy. Would it expand, contract, or not change the European money supply?
A) expand B) contract C) not change D) The answer cannot be determined using the information provided.
Economics
An unexpected rise in the Producer Price Index should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Economics