Many Developing Nations with Low Inflation Rates Have Pegged Their

question 127

True/False

Many developing nations with low inflation rates have pegged their currencies to the U.S.dollar as a way of allowing modest increases in domestic inflation rates.

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Definitions:

Cabinet Members

Cabinet members are senior officials who head various departments in the executive branch of the government and advise the President on respective policy areas.

Approved

Sanctioned, accepted, or authorized typically through a formal or official process.

Senate

The upper chamber of the legislature in many countries, including the United States, where it forms one of the two houses of Congress.

Presidential Veto

The power of the President to reject a bill passed by Congress, preventing it from becoming law unless overridden.