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 95 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
Wow, this really help


mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

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?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

For a complete list of videos, visit our video library