This topic contains a solution. Click here to go to the answer

Author Question: When the demand for a currency permanently increases, that nation's central bank can maintain its ... (Read 97 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
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
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


Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library