Author Question: An exchange rate system in which governments try to keep currency values from fluctuating against ... (Read 92 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?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library