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

Author Question: When the demand for a currency permanently increases, that nation's central bank can maintain its ... (Read 48 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 29, 2018
When the demand for a currency permanently increases, that nation's central bank can maintain its fixed exchange rate indefinitely.
 
  Indicate whether the statement is true or false

Question 2

Because monetary policy must be approved by the president of the United States, the president is chair of the Federal Open Market Committee. Analyze the previous statementis it correct or incorrect?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

The statement is incorrect on several dimensions. First, monetary policy does not need to be approved by the President of the United States. Second, the president of the United States is not chair of the Federal Open Market Committee, FOMC. Third, the president of the United States is not even a member of the FOMC The chair of the FOMC is the chair of the Federal Reserve's Board of Governors.


SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 29, 2018
:D TYSM

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

(a) Chimpanzees and (b) bonobos likely diverged from a common ancestor due to allopatric speciation (a) Chimpanzees and (b) bonobos likely diverged from a common ancestor due to allopatric speciation
In 1790, as now, the most densely populated part of the nation was the coastal r In 1790, as now, the most densely populated part of the nation was the coastal r
Bank reconciliation form. Bank reconciliation form.
Selected Central Nervous System Neurotransmitters and Their Functions Selected Central Nervous System Neurotransmitters and Their Functions
The major human endocrine glands and their central nervous system control centers The major human endocrine glands and their central nervous system control centers
The central nervous system is composed of the brain and the spinal cord The central nervous system is composed of the brain and the spinal cord
Video: Pores and Ion Channels

For a complete list of videos, visit our video library