An Open Peg Might Be an Option for Some Nations

question 93

Multiple Choice

An open peg might be an option for some nations that desire to:

• A) close off capital inflows and outflows and fix currency rates.
• B) allow the free flow of capital and fix currency rates.
• C) allow the free flow of capital with flexible currency rates.
• D) close off capital inflows and outflows with flexible currency rates.

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Definitions:

Sacagawea

A Lemhi Shoshone woman who assisted the Lewis and Clark Expedition in achieving their chartered mission objectives by exploring the Louisiana Territory.

Tenskwatawa

A Native American leader of the Shawnee tribe, known as the Prophet, who played a pivotal role in indigenous resistance to European settlement in the early 19th century.

Tecumseh

A Native American leader of the Shawnee who became a significant military and political figure in the early 19th century. He sought to unify Indigenous tribes to resist the expansion of the United States into their territories.

Industrial Development

The process of establishing and growing industries within a country or region, often leading to economic growth and societal changes.