A monetary system with varying degrees of government intervention to maintain a range of
acceptable values against other currencies is called _____.
Country A’s currency which is less stable in value than Country B’s currency and is pegged to
Country B’s currency values. Country A’s currency would be described as a _____ currency.
A theory stating that a basket of goods should have approximately the same prices across
different countries is referred to as _____.
Buying goods in a lower priced market and selling them in a higher priced market to make
profits is called _____.
a. the law of one price
d. purchasing power parity
e. the big mac index