A narrow target zone exchange rate band (such as the EEC had until 1992 ) is most similar to

A) a flexible exchange rate system.
B) a single currency.
C) a fixed exchange rate system.
D) a managed floating exchange rate.

C

Economics

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Competition between banks

A) encourages greater risk taking. B) encourages conservative bank management. C) increases bank profitability. D) eliminates the need for government regulation.

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Wealth is considered to be a nonincome determinant of consumption

a. True b. False Indicate whether the statement is true or false

Economics