The majority of countries in the world have some type of fixed exchange rate system

Historically, one of the most common reasons for countries to impose tariffs was

A) to protect their national security. B) to raise revenue for the government. C) to eliminate unemployment. D) to counter inflation. E) None of the above.

The factor accounting for the steepest rise in the currency ratio since 1892 is

A) taxes. B) bank panics. C) illegal activity. D) an increase in wealth.