The current floating exchange rate system began when the gold standard ended in _____.
Answer
1850 1933 1944 1971 1987 A system under which exchange rates are not fixed by
government policy is _____/ Answer floating exchange rates pegged exchange rates convertible exchange rates forward rates The end of the gold standard
resulted in which business risk? Answer Pegged currency Exchange Rate Risk Eurodollars All of the above U.S. dollars
deposited in foreign banks are called ___ and interest paid on these deposits is normally tied
to the ______ rate. Answer non-foreign deposits; FED
funds indirect dollars; Discount
Funds Eurodollars; LIBOR none of the above ____ is when a country establishes a fixed exchange
rate with another currency. Answer Pegged exchange
rate Convertible
rate both of the
above Floating exchange
rate Spot exchange
rate