Beyond nominating a candidate and establishing the party’s platform, the national convention has a great deal of authority over party members.

The rate at which one state's currency is exchanged for another state's currency in the global marketplace is known as

a. monetary policy. b. the money supply. c. the balance of payments. d. an exchange rate. e. arbitrage.

Which of the following describes the primary impact of devaluation of a nation's currency?

a. It increases exports. b. It lowers taxes. c. It increases the spending power of citizens within that country. d. It lowers interest rates. e. All of the above are true.