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- 1-A _____________ is a system under which the exchange rate for converting one currency into another is continuously adjusted depending on the law of supply and demand.
- 2- The currencies in developed countries are typically (FLOATING/FIXED) against each other.
- 3- Many of the world's (DEVELOPING/DEVELOPED) countries peg their currencies.
- 4- In a country with a dirty float exchange rate regime, the central bank would (REDUCE/INCREASE) its foreign currency reserves when the currency is too depreciated.
- 5- The Bretton Woods agreement had an Achilles' heel: the system could not work if its key currency, _____________was under speculative attack.
- 6- The exchange rate regime is (FLOATING/FIXED) under the Bretton Woods system.
- 7- International businesses would prefer (FLOATING/FIXED) exchange rate system.
- 8- The current international monetary system can be described as a (FLOATING/FIXED/MIXED) exchange rate regime.
- 9- _____________and _____________are the two main elements of the case for floating exchange rates.
- 10- _____________are seen as a mechanism for controlling inflation and imposing economic discipline on countries.
Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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