The Trans-Pacific Partnership (TPP) is a preferential agreement

A reduction of the discount rate by the Federal Reserve Banks has the direct effect of

A) making it less costly for commercial banks to borrow from the Fed. B) making it more costly for the Treasury to finance deficits. C) increasing commercial bank reserves. D) increasing the stock of money. E) doing all of the above.

South Korea, Indonesia, Malaysia, and Thailand all pegged their currencies to the dollar at one point in time

Because some of these currencies were overvalued at the pegged rate, speculators anticipated these countries would abandon the peg and speculators began selling those currencies. Explain how this speculation would affect the ability of a country to maintain a pegged exchange rate.