Under the Current Managed Float Exchange Rate Regime;countries with Surpluses

question 98

Multiple Choice

Under the current managed float exchange rate regime;countries with surpluses in their balance of payments frequently do not want to see their currencies appreciate because it makes their goods ________ expensive abroad and foreign goods ________ in their countries.

• A)more;cheaper
• B)more;costlier
• C)less;cheaper
• D)less;costlier

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Definitions:

Vice President

The second-highest executive officer in a government, who serves as the deputy to the president, and can assume presidential duties under circumstances defined by law, such as the president's death, resignation, or incapacity.

Senate Tie

A situation where there is an equal number of votes for and against a measure in the U.S. Senate, often broken by the vote of the Vice President.

Twenty-Fifth Amendment

An amendment to the U.S. Constitution that provides procedures for dealing with presidential disability and succession.

Presidential Vacancies

Situations where the office of the President becomes temporarily unoccupied due to death, resignation, or removal.