A sharp depreciation of the domestic currency after a currency crisis leads to
A) higher inflation.
B) lower import prices.
C) lower interest rates.
D) decrease in the value of foreign currency-denominated liabilities.
A
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European banks began with which of the following?
a. Monarchs were the first bankers, lending out cash to help the poor learn a craft. b. Churches were the first bankers, lending out cash to help the poor learn a craft. c. Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money. d. Fishermen were the first bankers, and the paper receipts they issued for the fish they stored in the hulls of their ships became valued as money.
In Minnesota, tax collectors found that threatening late filers with warnings and fines does not increase tax compliance. Instead, they publicized the fact that most Minnesotans had already filled in their returns. What type of nudge is this?
A. There is no nudge involved. B. An information nudge C. An advantageous default option nudge D. A pricing nudge
Which of the following is the most likely explanation of the productivity slowdown that began in 2010?
A. High inflation levels disrupted resource allocation. B. High debt levels discouraged productive investments. C. The Federal Reserve lowered interest rates too much in response to the Great Recession. D. Productive capacity fell dramatically during the Great Recession.
Which type of regulation applies to all firms in the economy, as opposed to only covering specific industries?
A. statutory regulation B. rate regulation C. social regulation D. economic regulation