A Currency Is Considered Hard If

question 14

Multiple Choice

A currency is considered hard if

• A) it is expected to be revalued or appreciate.
• B) it is expected to be devalued or depreciate.
• C) it is backed in part by a precious metal such as gold.
• D) it is difficult to trade on the international currency exchange markets.

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Definitions:

Customization

Tailoring products or services to meet the specific needs or preferences of individual customers.

Banding

A method of categorizing or grouping similar jobs or salary levels within an organization for administrative purposes.

Affirmative Action

Policies and practices designed to promote equal employment opportunities for historically marginalized groups by considering gender, race, or other characteristics in hiring and promotions.

Race Norming

A controversial practice in testing where scores are adjusted based on the race or ethnicity of the test-taker to account for supposed differences in ability or knowledge.