Author Question: In order to bring about a real depreciation of the dollar, the U.S. can hope for A) a rise in the ... (Read 82 times)

elizabeth18 · **on:** Jun 30, 2018

In order to bring about a real depreciation of the dollar, the U.S. can hope for

A) a rise in the U.S. price level.
B) a fall in foreign price levels.
C) a rise in the dollar's nominal value in terms of foreign currencies.
D) a rise in foreign price levels or a fall in the dollar's nominal value in terms of foreign currencies.
E) increased output and full employment.

Question 2

Who is the Basel Committee? Discuss both their involvement in the Concordat as well the role of the Concordat in international banking.

What will be an ideal response?

vickyvicksss · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

D

Answer to Question 2

In 1975, the Basel Committee reached an agreement, called the Concordat, which allocated responsibility for supervising multinational banking establishments. In addition, the Concordat called for the sharing of information about banks and the granting of permission to inspect any such banks.