In Hong Kong, the Monetary Authority Can Only Increase the Monetary

question 105

Multiple Choice

In Hong Kong, the monetary authority can only increase the monetary base if they accumulate more U.S. dollars because:

• A) the currency of Hong Kong is the U.S. dollar.
• B) the monetary authority in Hong Kong operates a currency board where its sole objective is to fix the exchange rate between its currency and the U.S. dollar.
• C) the IMF required Hong Kong to peg its currency to the U.S. dollar in order to obtain a loan.
• D) Hong Kong has received substantial funding from the U.S. Treasury and the loans were conditional on maintaining the value of the Hong Kong currency.

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Definitions:

Job Enrichment

A job design technique that is aimed at increasing employee satisfaction by adding more meaningful tasks and giving them more control over their work.

Growth-Need Strength

The degree to which individuals require growth, personal accomplishment, and development within their job to feel satisfied.

Job Characteristics Model

A theory that proposes that the design of jobs can impact employee motivation, satisfaction, and performance, focusing on five core job characteristics.

Growth-Need Individuals

People who are motivated by an inherent desire for personal development and self-improvement.