What are the common characteristics of developing countries?
What will be an ideal response?
Common characteristics of developing countries are: low per capita income, high fertility rates, high infant mortality rates, low levels of adult literacy, and a small percentage of the labor force in urban areas.
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In theory, any object ________ could play the role of fiat money
A) in unlimited supply B) for which demand is limited C) in limited supply D) that has an unlimited demand
One reason a country might choose a fixed exchange rate is
A) to reduce inflation and promote a stable economic environment. B) to reduce the impact of economic shocks. C) to rid themselves of the pressure of monetary management. D) that it is easier for all citizens to understand.
12. At the national level, how many members are appointed by the president of the United States and confirmed by the Senate to serve on the Board of Governors?
a. 5 b. 6 c. 7 d. 8
The seven Fed governors, the president of the Federal Reserve Bank of New York, and four of the presidents of the other regional Federal Reserve Banks constitute the:
A. National Monetary Commission. B. Federal Open Market Committee. C. Federal Reserve System. D. Board of Governors.