Proponents of the managed floating exchange rate system argue that it has:
A. Added the volatility needed by the exchange rate market
B. Been effective because it is a "non-system" without fixed rules
C. Been sufficiently flexible to weather major economic turbulence
D. Resolved major problems in balance of payments surpluses and deficits
C. Been sufficiently flexible to weather major economic turbulence
You might also like to view...
Explain the characteristics of monopolistic competition. Explain how price and output are determined in monopolistic competition. Illustrate your answer with a graph
What will be an ideal response?
Sari puts $100 into an account with an interest rate of 10 percent. According to the rule of 70, about how much does she have at the end of 21 years?
a. $210 b. $300 c. $800 d. $1,010
Which one of the following is a function of the Federal Reserve System?
A. providing a system for check clearing B. serving as a lender of last resort C. providing the economy with currency D. all of these
Which of the following is true of a perfectly competitive market?
a. If economic profits are earned then the price will fall over time. b. In long-run equilibrium P = MR = SRMC = SRATC = LRAC. c. A constant-cost industry exists when the entry of new firms has no effect on their cost curves. d. All of these.