Question: Please help D Question 10 5 pts Which is the best characterization of the current international payments system? O It is a fragmented nonsystem, where
Please help




D Question 10 5 pts Which is the best characterization of the current international payments system? O It is a fragmented nonsystem, where each nation chooses the regime that works best for its individual situation at the time. O All nations are now operating with floating exchange rates and free capital flows. O The four richest industrial nations have floating exchange rates, while the rest of the nations peg to those currencies. O The World Bank and the IMF approve nations' exchange rate regimes and ensure that financial flows are not hampered by imbalances.O One cannot determine how net external wealth was affected with the information provided. D Question 8 5 pts Suppose that Canada pegs its dollar to the U.S. dollar and that Canada is a major exporter of softwood lumber to the U.S. A dramatic decrease in the price of softwood lumber is likely to: O cause asymmetric shocks to the U.S. and Canadian economies that will make it difficult for Canada to maintain the current value of its peg to the U.S. dollar. cause symmetric shocks to the U.S. and Canadian economies that will make it difficult for Canada to maintain the current value of its peg to the U.S. dollar. O cause asymmetric shocks to the U.S. and Canadian economies that will make it easier for Canada to maintain the current value of its peg to the U.S. dollar. O cause symmetric shocks to the U.S. and Canadian economies that will make it easier for Canada to maintain the current value of its peg to the U.S. dollar.D Question 14 5 pts Suppose that El Salvador pegs its currency to the U.S. dollar at a rate of $Colon1 = $US1 and that El Salvador is a major exporter of coffee to the United States. A hurricane that destroys El Salvador's coffee crop is likely to: O cause asymmetric shocks to the U.S. and El Salvadoran economies that will make it difficult for El Salvador to maintain the $Colon1 = $US1 exchange rate. O cause symmetric shocks to the U.S. and El Salvadoran economies that will make it difficult for El Salvador to maintain the $Colon1 = $US1 exchange rate. O cause asymmetric shocks to the U.S. and El Salvadoran economies and make it easier for El Salvador to maintain the $Colon1 = $US1 exchange rate. O cause symmetric shocks to the U.S. and El Salvadoran economies and make it difficult for El Salvador to maintain the $Colon1 = $US1 exchange rate.D Question 17 5 pts What currency was the base, or center, currency in the ERM using in Europe during te 1980s and 1990s? O the German mark the French franc O the British pound O the Italian lira
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