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Author Question: Explain what Eurocurrencies are and why they are significant. What will be an ideal ... (Read 14 times)

Shelles

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on: Jun 30, 2018
Explain what Eurocurrencies are and why they are significant.
 
  What will be an ideal response?

Question 2

What are two ways the government can use to maintain full employment in an open economy? Also give an example for each.
 
  What will be an ideal response?


chloejackso

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Eurocurrencies are offshore currency deposits denominated in a currency other than that of the country in which the bank resides. This currency is significant because of the rapid expansion of international trade and increased multinational nature of corporations' activities.

Answer to Question 2

There are two types of government policy, monetary and fiscal policy. Examples of monetary policy are changes in the money supply. Examples of fiscal policy are changes in government spending or taxes.


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