Which of the following statements is true?
A. Currencies whose prices are fixed to the same commodity would have currency exchange rates that are also fixed.
B. The special drawing right (SDR) is a basket of currencies made up of U.S. dollars, euros, and Japanese yen.
C. Today, South Africa is a country that has a currency fixed to gold.
D. A country maintains a cleanly floating exchange rate value to neutralize the international value of its currency.
Answer: A
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What is a formal complaint called?
a. negotiation b. grievance c. arbitration d. mediation
Why is it important that a firm can prevent resale of its product if it wishes to engage in price discrimination?
What will be an ideal response?
The period of time in which the level of output moves from a trough to a peak is called a:
A. recovery or expansion. B. depression. C. contraction or recession. D. plateau.
The English system of market overt and fairs
(a) were initially transferred to American shores where goods and services could be bought and sold legally without an official witness (b) flourished in the late colonial economy because of their foundation of protective regulations. (c) replaced the rule of caveat emptor in colonial America because they covered fraud. (d) firmly planted themselves in colonial America and continue to guide market transactions today.