A "dirty float" is a system
A. Of free-floating exchange rates.
B. Of managed exchange rates.
C. Based on the gold standard.
D. Of fixed exchange rates.
Answer: B
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If 1 U.S. dollar exchanges for 3.98 Polish zlotys, how much would it cost in zloty to purchase a Ford Explorer priced at $23,000?
What will be an ideal response?
Transfer prices should be set to so
A) to maximize profits for only one unit in a multi-unit firm. B) allow arbitrage with the external market place. C) to maximize profits for the overall firm. D) none of these choices.
The Federal Open Market Committee includes:
A. the Board of Governors. B. the Secretary of State. C. all regional bank presidents. D. the Chairman of the Treasury.
The quantity of raspberries sold at a local store increases from 100 pints to 1,500 pints when the price is reduced from $4.00 to $1.00. In this situation, the absolute price elasticity of demand for raspberries is approximately
A) 0.69. B) 6.7. C) 1.46. D) 4.3.