Currency Equilibrium Is More Academic Than Real Because

question 14

Multiple Choice

Currency equilibrium is more academic than real because:

• A)the concept of currency equilibrium was developed by an theoretical economist and has never been observed in practice.
• B)when a currency approaches equilibrium,governments act to avoid currency equilibrium.
• C)supply and demand constantly react to market forces so that the amount demanded and the amount supplied of a currency are almost never the same.
• D)some currencies are pegged and some currencies are free floating so that react to market forces differently.

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Definitions:

Immigrants

People who come to live permanently in a foreign country from their country of origin.

Organized Crime Activity

Illegal activities carried out by structured groups primarily engaged in the pursuit of profit or power.

Labor Racketeering

The involvement of organized crime in the manipulation and exploitation of labor unions and their members, often for personal profit.

Professional Arsonists

Individuals who deliberately set fires for monetary gain, as a form of vandalism, or for other malicious reasons, often skilled and knowledgeable in their methods.