No currency ever appreciated or depreciated under the Bretton Woods system as it was based on a system of fixed exchange rates

The average difference over a long period of the interest rate on long-term bonds and the interest rate on the short-term federal funds rate is called

A) risk premium. B) term premium. C) FED's premium. D) monetary premium.

Under a fixed exchange rate regime, suppose there is a reduction in housing wealth that causes a reduction in consumption. This wealth-induced reduction in consumption will cause

A) a reduction in investment. B) an increase in net exports. C) a reduction in imports. D) all of the above E) none of the above