What is a fixed exchange rate regime.

(a) Explain and comment on the problems of measuring performance in a not-for-profit organisation. (b)Discuss the objectives of a public sector organisation and how performance is measured and controlled. (c)Briefly explain the relevance of three measures which may be used to assess performance in public sector services that provide education. Discuss the possible foreign exchange risk and economicimplications of each of the following types of exchange rate system formultinational companies with subsidiaries located in countries withthese systems: (a)a managed floating exchange rate (b)a fixed exchange rate linked to a basket of currencies, and (c)a fixed exchange rate backed by a currency board system.By the end of 2001 the global economy had slowed to the point where it wasnlt growing. The monetary authorities in many countries cut short term interest rates to historically low levels. Explain what the monetary authorities were hoping to achieve and how equity and bond markets could be expected to react. [6] 5 State the formula used to incorporate liabilities in portfolio theory, defining all components. [2] Explain briefly how the formula may be used in practice. (1) Explain why a pension scheme might consider investing in non-government debt securities. [4} {ii} State the various factors that may influence the difference in yield between government and non-government debt securities. [2] {iii} Describe briefly how risks associated with an individual corporate bond may be reduced