In Comparing the Size of Central Bank Reserves Relative to World

question 25

Multiple Choice

In comparing the size of central bank reserves relative to world imports in the 1948-1972 Period (a relatively fixed exchange rate period) with the same ratio from 1973 onward (a Relatively flexible exchange rate period) , the ratio has been __________ in the more Recent period. This result __________ consistent with the theoretical expectation of Economists.

• A) smaller; is not
• B) smaller; is
• C) larger; is not
• D) larger; is

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Definitions:

Siamese Twin Companies

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Equity Carve-Outs

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Closed-End Funds

A type of investment fund with a fixed number of shares that are traded on a stock exchange.

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