This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is meant when a currency is said to float? What does it mean for a currency to be pegged? What ... (Read 127 times)

jman1234

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
What is meant when a currency is said to float? What does it mean for a currency to be pegged? What types of currencies are commonly floated and pegged?

Question 2

What is an export-import bank?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

When exchange rates are set by supply and demand considerations, a currency is said to float. When a currency is pegged, its exchange rate is set to another currency. Hard currencies normally float. Soft currencies are sometimes pegged to their largest trading partners.

Answer to Question 2

An export-import bank is an independent bank established by a government to finance or insure the export sales of a country's products.


jman1234

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 29, 2018
Thank you :)


sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

This isn’t exactly what’s meant by the phrase “You are what you eat,” but it’s close This isn’t exactly what’s meant by the phrase “You are what you eat,” but it’s close
100 dollars Iraqi Currency لعمله العراقيه 100 dollars Iraqi Currency لعمله العراقيه
Air-filled bladders that encase the seeds of some sedges (Carex) allow the fruits to float in their Air-filled bladders that encase the seeds of some sedges (Carex) allow the fruits to float in their
ATP, an important energy currency in cells ATP, an important energy currency in cells
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library