Under a Hard Peg

question 49

Multiple Choice

Under a hard peg,

• A) a country has a strict rule of no government intervention to target the nominal exchange rate.
• B) only the federal government can alter the nominal exchange rate.
• C) a country commits to a fixed nominal exchange rate for an indefinite period of time.
• D) only industrialized nations commit to fixed nominal exchange rates.
• E) the central bank can alter the value of the exchange rate as required.

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Definitions:

Emotional Experience

The complex feeling states that arise from the sensory input and can include reactions and physiological expressions.

Behavioural Component

Refers to the actions or reactions of an organism in response to external or internal stimuli.

Achievement Motive

Achievement motive is an individual's drive to excel, achieve in relation to a set of standards, or strive to succeed in competitive situations.

Competence Motive

The internal drive to be effective in dealing with the environment and to master the challenges it presents.