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 129 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?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

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?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

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: How eudicots (true dicots) differ from monocots Animation

For a complete list of videos, visit our video library