This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is meant when a currency is said to float? What does it mean for a currency to be pegged? What ... (Read 89 times)

jman1234

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
What is meant when a currency is said to float? What does it mean for a currency to be pegged? What types of currencies are commonly floated and pegged?

Question 2

What is an export-import bank?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

When exchange rates are set by supply and demand considerations, a currency is said to float. When a currency is pegged, its exchange rate is set to another currency. Hard currencies normally float. Soft currencies are sometimes pegged to their largest trading partners.

Answer to Question 2

An export-import bank is an independent bank established by a government to finance or insure the export sales of a country's products.


jman1234

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 29, 2018
Thank you :)


sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

This isn’t exactly what’s meant by the phrase “You are what you eat,” but it’s close This isn’t exactly what’s meant by the phrase “You are what you eat,” but it’s close
100 dollars Iraqi Currency لعمله العراقيه 100 dollars Iraqi Currency لعمله العراقيه
Air-filled bladders that encase the seeds of some sedges (Carex) allow the fruits to float in their Air-filled bladders that encase the seeds of some sedges (Carex) allow the fruits to float in their
ATP, an important energy currency in cells ATP, an important energy currency in cells
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library