The principle determinant of the long-term value of a state's ...

[berenicecastro]

The principle determinant of the long-term value of a state's currency is __________.
 
  A) speculation
  B) its fiscal health
  C) whether it incurs a trade surplus or deficit
  D) the supply and demand of the currency

Question 2

Many states will bridge the gap between floating and fixed exchange rates by periodically intervening in the currency markets, usually to promote stability. This type of intervention is called a(n) __________.
 
  A) interventionist system
  B) periodic-float system
  C) primary-float system
  D) managed-float system

[nanny]

Answer to Question 1

Answer: D

Answer to Question 2

Answer: D

[berenicecastro]

Thanks

[nanny]

Welcome