Author Question: An exchange rate system in which governments try to keep currency values from fluctuating against ... (Read 88 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
An exchange rate system in which governments try to keep currency values from fluctuating against one another is a fixed exchange rate system.
 
  Indicate whether the statement is true or false

Question 2

Define money and list its functions.
 
  What will be an ideal response?



SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

TRUE

Answer to Question 2

Money is any commodity or token that is generally accepted as a means of payment. It has three main functions. It serves as a medium of exchange, a unit of account, and a store of value.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

For a complete list of videos, visit our video library