If a developing country wants to limit the ability of its citizens to purchase foreign assets, but does not want to restrict other international transactions, it would offer:
A. not allow convertibility of domestic currency into foreign currency.
B. convertibility on the capital account.
C. full convertibility.
D. convertibility on the current account.
Answer: D
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a. True b. False Indicate whether the statement is true or false
By being responsible for their actions
A) moral hazard becomes asymmetric information. B) employees are being given a property right. C) employees find it easier to free ride on the performance of others. D) the stock market is selling the claims of agents.
Decisions on the Fed’s buying and selling of government securities to control the U.S. money supply are made by
a. the Federal Open Market Committee. b. Federal Reserve Banks. c. the Board of Governors. d. the president of the New York Federal Reserve Bank.
If a demand curve for a good were completely vertical, it would be considered
a. perfectly elastic. b. perfectly inelastic. c. of unitary elasticity. d. relatively inelastic.