What does it mean when one currency is "pegged" against another currency?
What will be an ideal response?
One currency is pegged against another currency when a country decides to keep the exchange rate between its currency and another currency fixed.
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History and Adam Smith both point out that people of the same trade
a. often face the temptation to engage in collusion. b. rarely consider engaging in collusion. c. meet only to consider how to improve the quality of their products. d. scrupulously avoid engaging in discussions about their trade since they are competitors.
Other things being equal, the increase in rents that occurs after rent controls are abolished is smaller when
A) the own price elasticity of demand for rental homes is price inelastic. B) the own price elasticity of demand for rental homes is price elastic. C) the own price elasticity of demand for rental homes has unitary price elasticity. D) rented homes and owned homes are complements. E) rented homes and owned homes are substitutes.
A set of external motivators that explain people's choices. Schools have an incentive to help their students graduate because they get funding for having students graduate. You need to find the right incentive for the money to be spent effectively. Health care doesn't need more money, it needs better incentives for patients, insurers, doctors and hospitals to get better outcomes.
Since 1960, Canadian labor force participation rate has ________ and the unemployment rate has ________.
A) trended higher; trended lower B) trended lower; varied over the business cycle C) trended higher; varied over the business cycle D) trended higher; trended higher E) varied over the business cycle; trended higher