In a System of Fixed Exchange Rates, If the Dollar

question 123

Multiple Choice

In a system of fixed exchange rates, if the dollar price of euros is above the market equilibrium level,

• A) gold will flow from the United States to Europe.
• B) there will be a surplus of euros.
• C) the U.S. government will have to ration euros to U.S. importers.
• D) there will be a shortage of euros.

---

Definitions:

Initial Audience

The primary group of people for whom a piece of communication is intended, identified at the beginning of the communication planning process.

Watchdog Audience

An audience that acts as a guardian or overseer, especially in holding institutions accountable for their actions.

Primary Audience

The main group of intended receivers for a particular message or piece of content.

Initial Audience

The primary group or individuals for whom a piece of writing, presentation, or communication is intended.