A floating exchange rate is one that is allowed to move freely between two points that have been determined by an exchange treaty
a. True
b. False
B
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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and a decrease in demand are represented by a movement from
A) point d to point a. B) point b to point d. C) point a to point c. D) point d to point b.
Under socialism, factories, farms, mines, and natural resources are owned by:
a. laborers. b. government. c. private stockholders. d. no one.
The "crowding out" effect refers to the:
A. increase in domestic investment by foreigners, leaving little investment choice for domestic investors. B. reduction in the interest rate caused by governments running a deficit. C. reduction in domestic investment caused by governments running a deficit. D. irrational exuberance of the market reducing the number of rational investments available.
An increase in the demand for rubles causes the ruble to appreciate
a. True b. False Indicate whether the statement is true or false