Which of the following defines a soft peg?
A) An exchange rate determined by the market
B) An exchange rate that fluctuates within a set band
C) An exchange rate that is not allowed to vary
D) An exchange rate that is backed by gold
B
Economics
You might also like to view...
At the beginning of 1960 the CPI was 29.6. At the beginning of 2000 it was approximately 170.8. Which of the following most closely approximates the forty-year rate of inflation?
A. 141 percent B. 282 percent C. 350 percent D. 477 percent E. 550 percent
Economics
The terms "saving" and "savings" differ in that
A) saving is a stock, and savings are a flow. B) saving always exceeds savings. C) savings are a stock, and saving is a flow. D) savings can be negative, but saving cannot.
Economics