Author Question: The rate at which one state's currency is exchanged for another state's currency in the global ... (Read 41 times)

Mr3Hunna · **on:** Sep 3, 2018

The rate at which one state's currency is exchanged for another state's currency in the global marketplace is known as

a. monetary policy.
b. the money supply.
c. the balance of payments.
d. an exchange rate.
e. arbitrage.

Question 2

According to the most-favored-nation (MFN) principle,

a. states cannot rely on comparative advantage in their trade policies.
b. goods produced at home are treated the same for import and export agreements.
c. tariff preferences granted to one state must be granted to all others exporting the same product.
d. import quotas can be used to regulate trade, but export quotas cannot be used.
e. certain important trading partners should be given favors status.