In a Stable Foreign Exchange Market,a Nation Can Correct a Deficit

question 26

Multiple Choice

In a stable foreign exchange market,a nation can correct a deficit in its balance of payments by allowing its currency to __________.

• A)appreciate
• B)depreciate
• C)remain constant
• D)none of the above

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Definitions:

Statute of Frauds

A law requiring certain types of contracts to be in writing and signed to be enforceable.

UCC's Writing

Refers to the requirement under the Uniform Commercial Code that certain contracts, to be enforceable, must be in writing.

Quantity

A measurable amount or the total number, volume, or extent of something.

Quality

Quality refers to the inherent or distinctive characteristics or properties of a product or service that determine its perceived value and reliability by the consumer.