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Author Question: An exchange rate system in which governments try to keep currency values from fluctuating against ... (Read 109 times)

maegan_martin

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on: Jun 29, 2018
An exchange rate system in which governments try to keep currency values from fluctuating against one another is a fixed exchange rate system.
 
  Indicate whether the statement is true or false

Question 2

Define money and list its functions.
 
  What will be an ideal response?


SamMuagrove

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

Money is any commodity or token that is generally accepted as a means of payment. It has three main functions. It serves as a medium of exchange, a unit of account, and a store of value.


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maegan_martin

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Reply #2 on: Jun 29, 2018
Correct answers!


SamMuagrove

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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