The principle that an obligation to pay a particular sum of money is fixed and does not change even if the purchasing power or foreign exchange rate of the money does change is known as ________

A. the choice-of-law rule
B. centrism
C. nominalism
D. the stabilization clause

C

Business

You might also like to view...

What happens to the assets and liabilities section in a classified balance sheet?

What will be an ideal response?

Business

For a free-risk investment, the opportunity cost of capital will generally be more than the interest rate offered by U.S. Treasury securities with a similar term

Indicate whether this statement is true or false.

Business