Which of the following tools cannot be used by the government to maintain a fixed exchange rate?
A. rationing of foreign exchange
B. currency market intervention
C. controlling the flow of trade through various barriers
D. keeping its level of international reserves strictly fixed
Answer: D
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U.S. imports of sugar are limited by an import quota that, according to a study updated in 2013, imposed a total cost on American consumers close to $________, or an average cost of ________ per year for every job saved in the U.S sugar industry
A) $3 billion; $10 B) $105 million; $3 C) $2 billion; $110 D) $3 billion; $1,000,000 E) $370 million; $20
The stock market provides two functions for corporate financing: reducing investors' risk and setting the prices of stocks
a. True b. False Indicate whether the statement is true or false
Which of these is NOT an element of fiscal policy?
A. Government spending B. Interest rates C. Taxes D. Government borrowing
Which of the following actions could be undertaken if the government wants to close an inflationary gap?
A. Increase taxes and reduce government spending. B. Reduce taxes and reduce government spending. C. Increase taxes and increase government spending. D. Reduce taxes and increase government spending.