A Fixed Exchange Rate Can Be Maintained by a Government

question 77

Multiple Choice

A fixed exchange rate can be maintained by a government as long as it has sufficient

• A)supplies of its own currency.
• B)foreign reserves.
• C)gold and other precious metals.
• D)tax revenues.

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Definitions:

Evaluating Performance

The process of assessing and reviewing the productivity, effectiveness, and efficiency of an individual, group, or entity, often in a business context.

Recurring Basis

A consistent and ongoing manner of operation or occurrence, typically referring to events or processes that happen at regular intervals.

Service Enterprises

Businesses that provide intangible products or services to customers, rather than selling physical goods.

Anticipated Services

Services that are expected to be provided in the future as part of a business agreement or contract.