Examlex
____ is the delegation of decision-making authority to successively lower management levels in an organization.
Bailouts
Bailouts refer to financial support provided to a company or country facing financial distress, often to prevent bankruptcy and stabilize the economy, usually by governmental or international organizations.
Floating Exchange Rate
A floating exchange rate is determined by the foreign exchange market through supply and demand, without direct intervention from a country's government.
Free Market Forces
The unregulated forces of supply and demand that govern the allocation of resources and prices in markets.
Convertible Currency
A currency that can be exchanged for other currencies on foreign exchange markets.
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