Discuss the impact of the restoration of convertibility in 1958
What will be an ideal response?
As foreign exchange trading expanded, financial markets in different countries became more tightly integrated, an important step towards the creation of today's worldwide foreign exchange market. With growing opportunities to move funds across borders, national interest rates became more closely linked and the speed with which policy changes might cause a country to lose or gain international reserves increased.
You might also like to view...
An increase in the wage rate will cause the demand for labor curve to shift rightward
a. True b. False Indicate whether the statement is true or false
In the labor market shown above, if a minimum wage level is set at Wm, it will cause:
A. Employment to increase from A to B
B. Employment to decrease from C to B
C. Employment to decrease from B to A
D. AC workers to be hired
How do population growth and economic growth impact global poverty?
What will be an ideal response?
Cigarettes served as money in some prisoner of war (POW) camps during World War II. Given this, we would expect to observe
A) no one ever smoking a cigarette. B) prices of other goods expressed in terms of cigarettes. C) only government-issued cigarettes being accepted as money. D) people usually resorting to barter rather than using cigarettes as money.