A Monetary Policy Strategy That Uses a Fixed Exchange Rate

question 94

Multiple Choice

A monetary policy strategy that uses a fixed exchange rate regime that ties the value of a currency to the currency of a large,low inflation country is called ________ targeting.

• A)exchange-rate
• B)currency
• C)monetary
• D)inflation

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Definitions:

Profit After Tax

The net income of a company after all taxes have been deducted from revenues.

Consolidated Equity

The total amount of owners' or shareholders' equity in a conglomerate, after all inter-company balances and transactions have been eliminated in consolidation.

Financial Statements

Official records that detail the financial activities and condition of a business, organization, or individual, typically including balance sheet, income statement, and statement of cash flows.