Critics of the Current System of Flexible Exchange Rates Allege

question 183

Multiple Choice

Critics of the current system of flexible exchange rates allege that it

• A)promotes inflation
• B)promotes unemployment
• C)gives central banks too little discretion over their money supplies
• D)restricts the growth of developing countries
• E)gives too much financial power to industrial countries

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Definitions:

Credit Bureaus

Agencies that collect and maintain individual credit information for issuing credit scores and reports to potential creditors.

Receivables Policy

A set of practices a company uses to manage its accounts receivable, which includes how it extends credit and collects debts.

Due Dates

Specific dates by which obligations, such as bill payments or assignments, must be fulfilled or submitted.

Trade Credit

It is a type of commercial financing in which a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.