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intb3353quiz7 - 1 The principal currency to which others...

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1. The principal currency to which others were linked in the European Exchange Rate Mechanism (during the European Monetary System) was: Student Response Value Correct Answer a. the French franc 0% b. the British pound sterling 0% c. the Italian lira 0% d. the German Deutsche mark 100% e. the Euro 0% 2. Which of the following is a central feature in the Asian currency crises? Student Response Value Correct Answer a. weak banking system 100% b. government deficit 0% c. high inflation 0% d. low inflation 0% 3. A devaluation is when a country: Student Response Value Correct Answer a. allows its currency’s value to float. 0% b. raises the fixed value of its currency 0% c. lowers the fixed value of its currency 100% d. allows its currency value to be set by the market 0% 4. Suppose that on the gold standard, the U.S. fixes the price of an ounce of gold at $25. Great Britain fixes the price of gold at £16 per ounce. What is the implied exchange rate between the dollar and the pound? Student Response Value Correct Answer
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intb3353quiz7 - 1 The principal currency to which others...

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