Homework Help: Banking & Money

Posted by Bobby on Sunday, December 6, 2009 at 2:33pm.

Couple questions here...

"Under fixed exchange rates,"

A. The Free Market is the major determinant of the exchange rate.

B. Official government transactions maintained the agreed-upon exchange rate by buying and selling foreign exchange.

C. The balance of payment is ignored.

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"Since World War II, the international financial system has been coordinated:"

A. By a fixed exchange rate system only.

B. By a flexible exchange rate system only.

C. First by a fixed exchange rate system and then by a flexible exchange rate system.

Thanks everyone!

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