The foreign exchange system that has the highest foreign exchange risk is
A) the dirty floating exchange rate.
B) the fixed exchange rate.
C) the floating exchange rate.
D) the Bretton Woods system.
C
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Shaniq consumes only magazine and CDs. Her income equals $60 per month. CDs are $12 each and magazines are $5 each. What is the equation for her budget line?
A) $60 = Qm + QCD B) $60 = $12Qm + $5QCD C) 12 = -2Qm + 6 D) $60 = 12QCD + 5Qm
Does it appear that currency boards make low-inflation policies credible?
What will be an ideal response?
If saving equals $200 when real disposable income equals $1,000, the break-even income is
A) less than $1,000. B) greater than $1,000. C) equal to $1,000. D) equal to $1,200.
Governments in market economies usually have significant control over
a. investment spending. b. personal consumption spending. c. import spending. d. education spending.