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Author Question: What is a convertible currency? What will be an ideal response?[br][br][b][color=#347235]Question ... (Read 164 times)

ARLKQ

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on: Jun 30, 2018
What is a convertible currency?
 
  What will be an ideal response?

Question 2

In the short run, a permanent increase in the domestic money supply
 
  A) has stronger effects on the exchange rate and output than an equal temporary increase.
  B) has stronger effects only on the exchange rate but not on output than an equal temporary increase.
  C) has weaker effects on the exchange rate and output than an equal temporary increase.
  D) has stronger effects on output, but lower effect the exchange rate than an equal temporary increase.
  E) has weaker effects only on the exchange rate than an equal temporary increase.


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elyse44

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A convertible currency is a currency that may be freely exchanged for foreign currencies.

Answer to Question 2

A


ARLKQ

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Reply 2 on: Jun 30, 2018
Excellent

Dnite

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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