Select the correct benefits and drawbacks to a Non Convertible exchange rate:
a. Could be used to replace domestic currency if the currency is weak, financial institutions are suspicious, and the dollar is strong.
b. Supply and demand are market driven but governments can manipulate value by either printing money or removing currency from circulation.
c. Could do very well if tied to a strong currency but suffers from vulnerability to other nation’s recession.
d. Could produce a private good economy but encourages a currency black market.
Ans: d
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__________ are rules created by government agencies that determine how laws are implemented
a. Laws b. Patronage c. Regulations d. Statutes
In granting pardons, paroles, reprieves, and in commuting sentences, the governor performs the role of:
A. chief administrator. B. military chief. C. chief of party. D. ultimate judge.
The president may make recess appointments when
a. Congress is not in session. b. one house of Congress approves the nomination. c. the nation is at war. d. the Senate is deadlocked on a confirmation. e. the Supreme Court authorizes him to do so.
Modern U.S. prisons have high rates of ______.
a. escape b. rehabilitation c. mental illness d. deterrence