A fixed exchange rate
a. is a declared rate that is maintained by central bank intervention in the foreign exchange market
b. is a rate that is fixed by the forces of supply and demand
c. is a rate that is determined by trilateral arbitrage
d. "fixes" the value of a nation's price level
e. is a mechanism for eliminating a trade deficit
A
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If you believe that all workers should be paid the same, you believe in the
A) egalitarian principle. B) productivity standard. C) benefits standard. D) comparative worth principle.
According to the quantity theory of money, if the velocity of money is stable or at least predictable, then the equation of exchange can be used to predict the effects of changes in the money supply on nominal GDP
Indicate whether the statement is true or false