Dollarization is a method to
A. allow limited flexibility in the country's exchange rate.
B. sterilize interventions by the central bank.
C. remove exchange-rate risk.
D. increase the country's seigniorage profit.
Answer: C
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The United States temporarily operated outside the production possibilities frontier in
A. 1933. B. 1943. C. 1973. D. 1982.
The Federal Reserve Board of Governors has:
a. seven members who serve 6-year terms. b. 12 members who serve 14-year terms. c. seven members who serve 4-year terms. d. 12 members who serve 4-year terms. e. seven members who serve 14-year terms.
Figure 10.2 shows a monopolist's demand curve. The marginal revenue from selling the fourth unit is:
A. $8. B. $6. C. $4. D. $2.
Refer to the table below. If the U.S. government decides to fix or peg the price of the euro at $1.00, it would have to:
The table below shows the supply and demand schedules for the European euro.
A. Buy 100 euros
B. Buy 360 euros
C. Sell 160 euros
D. Sell 360 euros