f a country\'s currency is determined only by the demand and supply for that cou
ID: 1126309 • Letter: F
Question
f a country's currency is determined only by the demand and supply for that country's currency, the country is said to have a a. floating or flexible exchange rate. b. fixed or hard peg exchange rate. c. gold standard d. managed float 22 Monetary policy refers to the actions the Federal Reserve takes to manage: a. the money supply and income tax rates to pursue its economic objectives. b, the money supply and interest rates to pursue its economic objectives. c. income tax rates and interest rates to pursue its economic objectives. d. govenment spending and income tax rates to pursue its economic objectives.Explanation / Answer
1> A
A floating exchange rate or fluctuating exchange or flexible exchange rate is a type of exchange-rate regime in which a currency's value is allowed to fluctuate in response to foreign-exchange market mechanisms.
2> B
Monetary policies involve dealing with the money supply and interest rate.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.