Author Question: If a country wants to keep a foreign currency overvalued against the domestic currency: A) it ... (Read 41 times)

haleyc112 · **on:** Jun 30, 2018

If a country wants to keep a foreign currency overvalued against the domestic currency:

A) it will buy both the foreign and domestic currency.
B) it will sell both the foreign and domestic currency.
C) it will buy the domestic currency and sell the foreign currency.
D) it will buy the foreign currency and sell the domestic currency.

Question 2

Government expenditures on goods and services include

i. the New York City Library's purchase of new books.
ii. Washington D.C.'s purchase of gas for its city buses.
iii. California's payment of wages to prison guards.
A) i and ii B) i and iii C) i, ii and iii D) i only E) ii and iii