Westerlands and Crownlands are two countries that trade with each other and no other countries. Assume that Westerlands’ currency is pegged to Crownlands’ currency. Meanwhile, due to inflationary pressures, the central bank of Westerlands wishes to decrease the money supply. Which statement is correct – assume that initially (before conducting the monetary policy), Westerlands central bank does not have to intervene in Foreign Exchange Market:
a. To achieve this, Westerlands’ central bank can decrease money supply and sell its foreign reserves in foreign exchange markets.
b. Since the exchange rate is fixed, Westerlands’ central bank cannot perform this monetary policy.
c. Crownlands’ central bank can decrease its money supply in order to decrease demand for Westerlands’ currency.
d. None of the above.
Answers: 2
Another question on Business
Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
Business, 22.06.2019 21:10
Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is:
Answers: 3
Business, 23.06.2019 10:10
Hannah is concerned about the increase in the cases of obesity in her state. she has convinced her company to create advertisements to generate awareness about obesity. which kind of advertising will the company use to achieve this?
Answers: 3
You know the right answer?
Westerlands and Crownlands are two countries that trade with each other and no other countries. Assu...
Questions
Mathematics, 18.10.2021 18:50
Computers and Technology, 18.10.2021 18:50
History, 18.10.2021 18:50
English, 18.10.2021 18:50
Mathematics, 18.10.2021 18:50
Engineering, 18.10.2021 18:50
Mathematics, 18.10.2021 18:50
Spanish, 18.10.2021 18:50
