Which of the following can be categorized as a commodity money standard?
a. The pegged exchange rate standard
b. The free float standard
c. The managed float standard
d. The reserve currency standard
e. The gold standard
e
Economics
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President Salinas of Mexico devised a strategy to restore Mexican growth by encouraging
A) large inflows of foreign capital. B) large increases in domestic savings. C) large interest rate cuts. D) an expansion of import substitution industrialization policies. E) more government ownership of industrial firms.
Economics
Under a fixed exchange rate regime, if the domestic currency is initially ________, that is, ________ par, the central bank must intervene to sell the domestic currency by purchasing foreign assets
A) overvalued; below B) overvalued; above C) undervalued; below D) undervalued; above
Economics