An exchange rate is the rate at which a state's __________ can be exchanged for a different state's __________.
A. currency; debt
B. currency; currency
C. debt; currency
D. goods; goods
Answer: B
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Which of the following policies was NOT supported by the Washington Consensus?
a. Elimination of tariffs. b. Privatization of public enterprises. c. Restricted movement of capital from developed to developing nations. d. Fiscal discipline in government spending.
Based on what you know of bureaucracy, craft an argument for or against any model of bureaucracy (Weberian, acquisitive, or monopolistic) as being representative of U.S. government today.
What will be an ideal response?
What is privatization?
a. A process that stresses accountability to fiscal responsibility b. A process that cuts back the number of regulations used, thereby cutting the number of bureaucrats c. A process that decentralizes government services from the federal government to local governments d. A process of transferring government assets or services to the private sector
Which of the following do not come from the names of premodern terrorist groups?
a. Thug b. Sycophant c. Assassin d. Zealot