A fixed exchange rate is enforced by
A) national governments, who establish appropriate trade barriers for each country with whom they trade
B) national governments, who manipulate gold reserves appropriately
C) central banks, who buy and sell appropriate currencies
D) the International Monetary Fund, which offers loans to appropriate countries
E) local governments, who manipulate capital reserves appropriately
Correct Answer:
Verified
Q172: A floating exchange rate
A)is determined by the
Q173: Which of the following statements is not
Q174: Under a fixed exchange rate system, an
Q175: Under the gold standard, each country had
Q176: As long as trade across borders is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents