Author Question: Which type of currency is kept at a high artificial exchange rate, is often overvalued, and is ... (Read 79 times)

mspears3 · **on:** Jun 29, 2018

Which type of currency is kept at a high artificial exchange rate, is often overvalued, and is controlled by the national government?
a. Hard currency c. Pegged currency
b. Soft currency d. Variable currency

Question 2

Legitimacy of an innovation refers to the legality of its channels of distribution.

Indicate whether the statement is true or false

momolu · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B
Hard currency is currency that is accepted for payment by any international seller. Soft currency is currency that is kept at a high artificial exchange rate and is controlled by the national government.

Answer to Question 2

False