The real value of money
A) matters less to people than its nominal value. B) is the same as its nominal value.
C) is another word for the face value. D) reflects the purchasing power of money.
Question 2
Which of the following is true of a country with a managed exchange rate system?
A) The central bank of the country always pursues contractionary monetary policy.
B) The current account balance of the country is always positive.
C) The current account balance of the country is always negative.
D) The central bank of the country actively intervenes to influence the exchange rate.
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