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Author Question: A floating exchange rate means that a. market forces rather than government intervention ... (Read 109 times)

mspears3

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on: Sep 3, 2018
A floating exchange rate means that
 
  a. market forces rather than government intervention determines currency values.
  b. the IMF will allow weak currencies to sink as a way of preserving the value of strong currencies.
  c. all currencies will be converted to their respective values of sterling silver prior to international purchases.
  d. the value of a country's currency is lower overseas than at home.

Question 2

The dominant economic approach during the Bretton Woods system, which combined open international markets with domestic state intervention to attain such goals as full employment and social welfare is called _____.
 
  a. mercantilism
  b. commercial liberalism
  c. fixed exchange rates
  d. embedded liberalism


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cascooper22

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Reply #1 on: Sep 3, 2018
Answer to Question 1

a

Answer to Question 2

d


mspears3

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Reply 2 on: Sep 3, 2018
Great answer, keep it coming :)

peter

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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