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Final_questions_Chapter_6 - Chapter 6: Money and Banking...

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Chapter 6: Money and BankingMULTIPLE CHOICE QUESTIONS1.Which of the following describes a currency basket in monetary transactions?A. an exchange rate system wherein a currency's value is allowed to fluctuate according to theforeign exchange marketB. a contractual provision that says that the price will be adjusted according to the inflation rateC. a selected group of currencies whose weighted average is used to define the amount of anobligationD. a scheme for fixing the exchange rate of a currency by matching its value to the value ofanother single currency
2.According to the par value system, every member of the IMF, on joining the Fund,________.

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Term
Fall
Professor
N/A
Tags
Monetary Policy, Foreign exchange market

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