Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter
a. An official monetary reserve unit developed by the International Monetary Fund (IMF) to settle international claims between nations.
b. A system of payments and exchange rates in which the value of any nation's currency is determined by demand and supply forces in the marketplace with governments only occasionally intervening to stabilize the value of their currencies.
c. Channels for trading national currencies and determining relative currency prices.
d. The prices of foreign currencies expressed in terms of other currencies.

Question

Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter
a. An official monetary reserve unit developed by the International Monetary Fund (IMF) to settle international claims between nations. 
b. A system of payments and exchange rates in which the value of any nation's currency is determined by demand and supply forces in the marketplace with governments only occasionally intervening to stabilize the value of their currencies. 
c. Channels for trading national currencies and determining relative currency prices. 
d. The prices of foreign currencies expressed in terms of other currencies.

Quizplus · Accepted Answer

The Answer of Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter
a. An official monetary reserve unit developed by the International Monetary Fund (IMF) to settle international claims between nations. 
b. A system of payments and exchange rates in which the value of any nation's currency is determined by demand and supply forces in the marketplace with governments only occasionally intervening to stabilize the value of their currencies. 
c. Channels for trading national currencies and determining relative currency prices. 
d. The prices of foreign currencies expressed in terms of other currencies.

Using the The Description or the Definition Below, Identify Each