When the exchange rate is allowed to shift gradually over time, or within an exchange rate band which may also shift over time, this is considered a(n):
A) fixed exchange rate.
B) managed float.
C) flexible exchange rate.
D) none of the above.
B
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The increased generosity of unemployment insurance programs in Canada as compared to the United States should
A) raise the duration of unemployment in the United States. B) have no impact on the duration of unemployment in Canada. C) increase the duration of unemployment in Canada as compared to the United States. D) decrease the duration of unemployment in Canada as compared to the United States.
Which of the following is an example of strategic entry deterrence?
A) Marginal cost pricing. B) Limit pricing. C) Price leadership. D) Mark-up pricing.
The stock market is
A) where interest rates are determined. B) the most widely followed financial market in the United States. C) where foreign exchange rates are determined. D) the market where most borrowers get their funds.
The U.S. economy experiences a public debt when the value of its annual deficits exceeds the value of its annual surpluses over an extended period of time
Indicate whether the statement is true or false