A Dual Exchange Rate Is No Different from a Devaluation

question 20

True/False

A dual exchange rate is no different from a devaluation in that they both try to improve a country's BOP.

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Definitions:

Gross Misconduct

Serious misbehavior or negligence by an employee that is so egregious it warrants immediate dismissal from employment.

Federal Unemployment Tax Act

The Federal Unemployment Tax Act (FUTA) is a United States federal law that funds the administration of unemployment insurance and job service programs in every state.

Unemployment Compensation

The state system, created by the Federal Unemployment Tax Act, that provides unemployment compensation to qualified employees who lose their jobs.

Qualified Employees

Workers who possess the skills, educational background, and professional experience necessary to perform their job duties effectively.