Pay more in dollars than originally expected 6 which

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pay more in dollars than originally expected 6. Which of the following characterizes hard currencies?  Strong and stable 7. The U.S. dollar is an example of which of the following?  Convertible currency 8. The type of currency used only for domestic business transactions is known by which  of the following terms?  Nonconvertible 9. Each of the following significantly affects the level of the balance of trade except  currency risk 10. Capital flight has which of the following effects on a nation?  decreases ability to 
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service debt and pay for imports 11. Currency complications which occur in international business transactions are  resolved by which of the following?  Foreign exchange 12. The levels of supply and demand for a currency vary  inversely  with its price. 13. If demand for the dollar is reduced, the price of the dollar is most likely to  fall 14. The purpose of the Bretton Woods Agreement was to  govern the exchange rates of  major international currencies 15. Which of the following best characterizes the functions of the World Bank?  provide  loans and technical assistance to developing countries 16. Each of the following characterizes the floating exchange rate system except  governments refrain from systematic intervention 17. A dirty float is defined by which of the following ? exchange rates fluctuate with  occasional central bank intervention 18. All of the following are part of the global financial system except the  World Trade  Organization 19. Which of the following is a new driver of the global financial system?  Portfolio  investments 20. Information technology has altered the way stock markets function primarily by  speeding up transactions
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