Under the gold standard the exchange rate moves within a band determined by:
A) an agreement among the countries adopting the system
B) interest rate differentials
C) the price of gold in one financial centre relative to another
D) the cost of shipping gold from one financial centre to another
Correct Answer:
Verified
Q7: A 'Snake in the Tunnel' is:
A) the
Q8: A 'dirty float' is:
A) a managed float
B)
Q9: Problems associated with the dual exchange rate
Q10: Some countries peg their currencies to a
Q11: According to the IMF classification of exchange
Q13: Which of the following was NOT an
Q14: The idea that the gold standard represented
Q15: The gold standard was a system of:
A)
Q16: Assume that one ounce of gold is
Q17: In the period between the end of
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