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Author Question: Regarding IBFs, which of the following is correct? A) not subject to reserve requirements B) not ... (Read 54 times)

karlynnae

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on: Jun 30, 2018
Regarding IBFs, which of the following is correct?
 
  A) not subject to reserve requirements
  B) not subject to interest rate regulations
  C) were created to permit U.S. banking offices to compete with offshore banks without having to use an offshore banking office
  D) All of the above.

Question 2

Under fixed exchange rates, which one of the following statements is the MOST accurate?
 
  A) Devaluation causes a rise in output.
  B) Devaluation causes a decrease in output.
  C) Devaluation has no effect on output.
  D) Devaluation causes a rise in output and a decrease in official reserves.
  E) Devaluation causes a decrease in output and in official reserves.


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honnalora

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

D

Answer to Question 2

A


karlynnae

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Reply 2 on: Jun 30, 2018
Excellent

momolu

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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