When the exchange rate fluctuates around a fixed central target, allowing for a moderate amount of fluctuation, while tying the currency to the target central rate, the exchange rate is under a(n):
a. horizontal band.
b. crawling peg.
c. managed float.
d. independent float.
e. currency board.
a
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Which of the following was the fastest-growing financial intermediary of the 1970s?
A) commercial banks B) credit unions C) finance companies D) money market mutual funds
The deficit is financed through new taxes
a. True b. False
An increase in the demand for a product will cause output to:
a. increase and the demand for the resources used to produce the product to rise b. increase and the demand for the resources used to produce the product to fall. c. decline, while the demand for the resources used to produce the product remains constant. d. increase and the price of resources used to produce the product to increase if their supply is perfectly elastic.
Which of the following is included in the M2 money stock?
a. bonds b. stocks c. gold d. savings-type accounts e. credit card balances