A dirty float is
A) when the value of a currency is pegged relative to the value of one other currency.
B) when the value of a currency is allowed to fluctuate against all other currencies.
C) when countries intervene in foreign exchange markets in an attempt to influence their exchange rates by buying and selling foreign assets.
D) when the value of a currency is pegged relative to an anchor currency.
C
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The control plan ______________________________, entails having paychecks distributed to employees by an entity not otherwise involved in payroll processing
Fill in the blank(s) with correct word
All of the following are considered by analysts when assessing the quality of accounting except:
a. Price variation and the speed at which inventory turns over b. Any liquidation of FIFO inventory layers c. Any physical deterioration or obsolescence of inventory d. The inventory cost-flow assumption chosen by management
Precision had a contract to supply Higgins, Co with 500 medical instruments for delivery in three months. Several weeks later Higgins reads in the Wall Street Journal that Precision has been sued for selling defective instruments. Higgins could:
a. require written assurances from Precision. b. sue Precision for damages immediately. c. "cover." d. declare the contract is breached.
On-the-job training requires special facilities.
Answer the following statement true (T) or false (F)