Examlex
You have been hired as a consultant to the central bank for a country that has for many years suffered from repeated currency crises and depends heavily on the U.S. financial and product markets. Which of the following policies would have the greatest effectiveness for reducing currency volatility of the client country with the United States?
Operation of Law
Operation of law refers to a legal change that occurs automatically due to the application of existing law, without the need for any direct action by the parties involved.
Offer of Performance
In contract law, an attempt made by one party to fulfill their part of the agreement, indicating willingness to adhere to the terms of the contract.
Tender
An offer of payment or service in fulfillment of an obligation, such as in contract performance or debt repayment.
Material Breach
A significant violation or failure to perform a contract's stipulated duty, justifying the other party's termination of the agreement.
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