When a country establishes one rate as the exchange rate, but allows their currency to fluctuate within a certain percentage of that value, it is said to have
A) parity bands.
B) dollarized.
C) a currency basket.
D) a pegged currency.
A
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The most direct way in which money eliminates the need for a double coincidence of wants is through its use as a medium of exchange
Indicate whether the statement is true or false
Give an example of price discrimination
What will be an ideal response?
What is purchasing power parity? Why might it not hold?
What will be an ideal response?
Which of the following is one of the chief reasons for the increased number of married women in the U.S. work force?
a. The marginal cost of working in the labor force has increased. b. Jobs provide greater independence and self-worth. c. The opportunity cost of household work has increased. d. The sunk cost of household appliances has risen to the point that women must work to make payments on them. e. Women spend more time in the market as a result of the increasing division of labor in household production.