Author Question: Under a crawling peg system, a country's exchange rate A) is fixed except for small, surprise ... (Read 119 times)

joblessjake · **on:** Jun 30, 2018

Under a crawling peg system, a country's exchange rate

A) is fixed except for small, surprise changes.
B) changes at a predetermined rate against the dollar or some other major currency.
C) can fluctuate within a narrow band.
D) can change, but the changes are kept secret from the public.
E) is determined by the central bank of another country.

Question 2

If output per capita grows by a constant 5 per year, then the standard of living would grow by about ________ over 3 years.

A) 12
B) 16
C) 17
D) 18
E) 20