Because There Is No Exchange Stabilization Fund Under Floating Exchange

question 106

True/False

Because there is no exchange stabilization fund under floating exchange rates, any holdings of international reserves serve as working balances rather than to maintain a given exchange rate for any currency.

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Chancellor

A senior official who heads a government department or a university, varying significantly in specific duties and authority across countries and institutions.

Eastern Bloc

The Eastern Bloc refers to the group of communist states of Central and Eastern Europe, including the Soviet Union, during the Cold War.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic area or country.

Universal Declaration

Often refers to the Universal Declaration of Human Rights adopted by the United Nations in 1948, outlining fundamental human rights to be universally protected.