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The theory of specific deterrence suggests that the harsher the punishment,the less likely the chances of recidivism.Is this so?
Fixed Exchange Rates
A currency system where the value of a currency is pegged to another currency, a basket of currencies, or a valuable commodity like gold.
World Liquidity
The availability of global financial assets that can be easily exchanged or used for transactions.
Central Banks
National banks that provide financial and banking services for a country's government and commercial banking system, mainly responsible for monetary policy.
Fixed Exchange Rate
A rate of exchange that is set in some way and therefore prevented from rising or falling with changes in currency supply and demand.
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