old_final - Econ 181 Final, Spring 2002 Multiple choice (3...

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Econ 181 Final, Spring 2002 Multiple choice (3 points each, 21 points total) 1. Which of the following could explain why the value of the dollar currently is high relative to the yen: a) Higher money supply growth in the U.S. b) Higher income growth in the U.S. that is affecting money demand c) a shift in tastes toward Japanese goods that has affected the real exchange rate d) a higher inflation rate in Japan 2. Purchasing Power Parity is more likely to hold in what context(s)? a) Countries that consume very different types b) Countries with many tariffs c) Countries where the exchange rates are fixed d) Two of the above 3. All of the following contributed to the Asian financial crisis of 1997 except: a) Poor bank regulation. b) Contagion across countries c) Excessive capital controls d) IMF aid packages 4. Which of the following is true about a currency board? a) It must hold sufficient reserves to back 100% of the domestic money base b) It can hold no domestic assets. c) Unlike dollarization, it retains control over seigniorage revenue. d) Both a) and b) Final 1 5. Which of the following is true? a)
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This note was uploaded on 04/06/2010 for the course ECONOMICS ECON 181 taught by Professor Jack during the Spring '10 term at UCSB.

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old_final - Econ 181 Final, Spring 2002 Multiple choice (3...

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