In Some Developing Countries,different Exchange Rates Apply to Different Categories

question 91

Multiple Choice

In some developing countries,different exchange rates apply to different categories of transaction,and therefore,_____.

• A)the local currency is not easily convertible to foreign currency
• B)the local currency is very easily convertible to foreign currency
• C)the prices of foreign goods fluctuate widely in the domestic markets
• D)the prices of domestic goods fluctuate widely in the foreign markets
• E)domestic investors are more inclined to invest in foreign assets

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Definitions:

Insulin Secretion

The process by which the pancreas produces and releases insulin, a hormone that helps regulate blood sugar levels.

Parasympathetic Action

Activities associated with the branch of the autonomic nervous system that conserves energy as it slows the heart rate, increases intestinal and gland activity, and relaxes sphincter muscles.

Increased Metabolism

An elevation in the rate at which the body converts food and drink into energy, involving biochemical processes that maintain life within the cells.

ANS

The autonomic nervous system, a component of the peripheral nervous system that controls involuntary bodily functions such as heartbeat and digestion.