Floating exchange rates
A. float according to the laws of supply and demand.
B. are fixed by speculators in foreign exchange markets.
C. are rarely used in foreign exchange transactions.
D. All of the choices are true characteristics.
A. float according to the laws of supply and demand.
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If the government regulates the market in the above figure in a way to achieve efficiency, then ________ vaccinations will be produced and consumed
A) 0 B) 30 thousand C) 50 thousand D) None of the above answers is correct.
In the above figure, if the natural monopoly is regulated using a marginal cost pricing rule, then the firm will
A) produce 8 million units and make an economic profit of $24 million. B) produce 12 million units and make zero economic profit. C) produce 16 million units and incur an economic loss of $64 million. D) produce 16 million units and make zero economic profit.
The key element in preserving a monopoly is
a. government subsidy of critical enterprises. b. keeping potential rivals out of the market. c. guaranteeing availability of substitute products. d. increased advertising expenditure.
In the markets for goods and services in the circular flow diagram, households act as