During the 1970s, the European Union, in its quest for monetary union, adopted what came to be referred to as the “Community Snake” This device was a (an): A. Adjustable pegged exchange rate system B. Dual exchange rate system C. Jointly floating exchange rate system D. Freely floating exchange rate system

During the 1970s, the European Union, in its quest for monetary union, adopted what  came to be referred to as the “Community Snake” This device was a (an):  A. Adjustable pegged exchange rate system  
B. Dual exchange rate system  
C. Jointly floating exchange rate system  
D. Freely floating exchange rate system
by

1 Answer

Answer :

C. Jointly floating exchange rate system
by

Related questions

The Exchange-rate System that best characteristizes the present international monetary arrangement used by industrialized countries is: A. Freely Fluctuating Exchange Rates B. Adjustable Pegged Echange Rates C. Managed Floating Exchange Rates D. Pegged or Fixed Exchange Rates

Description : The Exchange-rate System that best characteristizes the present international monetary arrangement used by industrialized countries is: A. Freely Fluctuating Exchange Rates B. Adjustable Pegged Echange Rates C. Managed Floating Exchange Rates D. Pegged or Fixed Exchange Rates

Last Answer : C. Managed Floating Exchange Rates

In 1973, the reform of the international monetary system resulted in the change from: A. Adjustable pegged rates to managed floating rates B. Managed floating rates to adjustable pegged rates C. Crawling pegged rates to freely floating rates D. Freely floating rates to crawling pegged rates

Description : In 1973, the reform of the international monetary system resulted in the change from: A. Adjustable pegged rates to managed floating rates B. Managed floating rates to adjustable pegged rates C. Crawling pegged rates to freely floating rates D. Freely floating rates to crawling pegged rates

Last Answer : A. Adjustable pegged rates to managed floating rates

Which exchange-rate system involves a “leaning against the wind” strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the long run? A. Pegged or fixed exchange rates B. Adjustable pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates

Description : Which exchange-rate system involves a leaning against the wind strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the ... pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates

Last Answer : C. Managed floating exchange rates

hich exchange-rate system involves a “leaning against the wind” strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the long run? A. Pegged or fixed exchange rates B. Adjustable pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates

Description : hich exchange-rate system involves a leaning against the wind strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over ... Adjustable pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates

Last Answer : C. Managed floating exchange rates

Which exchange-rate mechanism calls for frequent redefining of the par value by small amounts to remove a payments disequilibrium? A. Dual Exchange rates B. Adjustable Pegged Exchange Rates C. Managed Floating Exchange Rates D. Crawling Pegged Exchange Rate

Description : Which exchange-rate mechanism calls for frequent redefining of the par value by small amounts to remove a payments disequilibrium? A. Dual Exchange rates B. Adjustable Pegged Exchange Rates C. Managed Floating Exchange Rates D. Crawling Pegged Exchange Rate

Last Answer : D. Crawling Pegged Exchange Rate

Which exchange-rate mechanism is intended to insulate the balance of payments from short-term capital movements while providing exchange rate stability for commercial transactions? A. Dual Exchange Rates B. Managed Floating Exchange Rates C. Adjustable Pegged Exchange Rates D. Crawling Pegged Exchange Rates

Description : Which exchange-rate mechanism is intended to insulate the balance of payments from short-term capital movements while providing exchange rate stability for commercial transactions? A. Dual ... Floating Exchange Rates C. Adjustable Pegged Exchange Rates D. Crawling Pegged Exchange Rates

Last Answer : A. Dual Exchange Rates

The Bretton Woods Agreement of 1944 established a monetary system based on A. Gold and managed floating exchange rates B. Gold and adjustable pegged exchange rates C. Special Drawing Rights and managed floating exchange rates D. Special Drawing Rights and adjustable pegged exchange rates

Description : The Bretton Woods Agreement of 1944 established a monetary system based on A. Gold and managed floating exchange rates B. Gold and adjustable pegged exchange rates C. Special Drawing Rights and managed floating exchange rates D. Special Drawing Rights and adjustable pegged exchange rates

Last Answer : B. Gold and adjustable pegged exchange rates

Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates

Description : Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates

Last Answer : A. Floating exchange rates

Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates

Description : Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates

Last Answer : A. Floating exchange rates

Small nations (e.g., the Ivory Coast) whose trade and financial relationships are mainly with a single partner tend to utilize: A. Pegged exchange rates B. Freely floating exchange rates C. Managed floating exchange rates D. Crawling pegged exchange rates

Description : Small nations (e.g., the Ivory Coast) whose trade and financial relationships are mainly with a single partner tend to utilize: A. Pegged exchange rates B. Freely floating exchange rates C. Managed floating exchange rates D. Crawling pegged exchange rates

Last Answer : a single partner tend to utilize:

Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially revaluing their currencies B. Officially devaluing their currencies C. Allowing their currencies to depreciate in the free market D. Allowing their currencies to appreciate in the free market

Description : Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially ... depreciate in the free market D. Allowing their currencies to appreciate in the free market

Last Answer : B. Officially devaluing their currencies

Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially revaluing their currencies B. Officially devaluing their currencies C. Allowing their currencies to depreciate in the free market D. Allowing their currencies to appreciate in the free market

Description : Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially ... depreciate in the free market D. Allowing their currencies to appreciate in the free market

Last Answer : B. Officially devaluing their currencies

Under adjustable pegged exchange rates, if the rate of inflation in the United States exceeds the rate of inflation of its trading partners: A. U.S. exports tend to rise and imports tend to fall B. U.S. imports tend to rise and exports tend to fall C. U.S. foreign exchange reserves tend to rise D. U.S. foreign exchange reserves remain constant

Description : Under adjustable pegged exchange rates, if the rate of inflation in the United States exceeds the rate of inflation of its trading partners: A. U.S. exports tend to rise and imports tend to fall ... C. U.S. foreign exchange reserves tend to rise D. U.S. foreign exchange reserves remain constant

Last Answer : B. U.S. imports tend to rise and exports tend to fall

Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners discriminate against domestic products C. Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Description : Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners ... . Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Last Answer : The domestic currency is undervalued relative to other currencies

At present, India is following - (1) Fixed exchange rate (2) Floating exchange rate (3) Pegged up exchange rate (4) Pegged down exchange rate

Description : At present, India is following - (1) Fixed exchange rate (2) Floating exchange rate (3) Pegged up exchange rate (4) Pegged down exchange rate

Last Answer : (2) Floating exchange rate Explanation: Exchange rate can be defined as the value of one currency in terms of another. India follows floating exchange rate system for the determination of the ... determined exchange rate regime of the rupee with provision for timely intervention by the central bank

At present, India is following (1) Fixed exchange rate (2) Floating exchange rate (3) Pegged up exchange rate (4) Pegged down exchange rate

Description : At present, India is following (1) Fixed exchange rate (2) Floating exchange rate (3) Pegged up exchange rate (4) Pegged down exchange rate 

Last Answer : Floating exchange rate 

Under a floating exchange-rate system, if the U.S. dollar depreciates against the Swiss franc: A. American exports to Switzerland will be cheaper in francs B. American exports to Switzerland will be more expensive in francs C. American imports from Switzerland will be cheaper in dollars D. None of the above

Description : Under a floating exchange-rate system, if the U.S. dollar depreciates against the Swiss franc: A. American exports to Switzerland will be cheaper in francs B. American exports to Switzerland will ... francs C. American imports from Switzerland will be cheaper in dollars D. None of the above

Last Answer : A. American exports to Switzerland will be cheaper in francs

Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the dollar would: A. Appreciate in value relative to other currencies B. Depreciate in value relative to other currencies C. Be officially devalued by the government D. Be officially revalued by the government

Description : Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the ... C. Be officially devalued by the government D. Be officially revalued by the government

Last Answer : B. Depreciate in value relative to other currencies

Under a floating exchange rate system, an increase in U.S. imports of Japanese goods will cause the demand schedule for Japanese yen to: A. Increase, inducing a depreciation in the yen B. Decrease, inducing a depreciation in the yen C. Increase, inducing an appreciation in the yen D. Decrease, inducing an appreciation in the yen

Description : Under a floating exchange rate system, an increase in U.S. imports of Japanese goods will cause the demand schedule for Japanese yen to: A. Increase, inducing a depreciation in the yen B. ... C. Increase, inducing an appreciation in the yen D. Decrease, inducing an appreciation in the yen

Last Answer : C. Increase, inducing an appreciation in the yen

Under a floating exchange-rate system, if American exports decrease and American imports rise, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued

Description : Under a floating exchange-rate system, if American exports decrease and American imports rise, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued

Last Answer : B. Depreciate

Under a floating exchange-rate system, if American exports increase and American imports fall, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued

Description : Under a floating exchange-rate system, if American exports increase and American imports fall, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued

Last Answer : A. Appreciate

Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against foreign currencies B. Depreciate against foreign currencies C. Be officially revalued by the government D. Be officially devalued by the government

Description : Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against ... currencies C. Be officially revalued by the government D. Be officially devalued by the government

Last Answer : A. Appreciate against foreign currencies

With regard to the WTO, subsidies are covered in two separate international economic law agreements. Which are they? A. The GATT and the Agreement on Subsidies and Countervailing Measures B. The Reform Treaty and the Treaty of Rome C. The North American Free Trade Agreement and the Organization of American States Charter D. The International Monetary Fund’s Articles of Agreement and the European Central Bank’s Statute.

Description : With regard to the WTO, subsidies are covered in two separate international economic law agreements. Which are they? A. The GATT and the Agreement on Subsidies and Countervailing Measures B. ... D. The International Monetary Fund's Articles of Agreement and the European Central Bank's Statute.

Last Answer : A. The GATT and the Agreement on Subsidies and Countervailing Measures

A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Last Answer : D. Capital account transactions

A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Last Answer : D. Capital account transaction

Deepak, Ashwani and Tarun jointly promised to pay ` 90,000 to Pradeep. Deepak was compelled by Pradeep to pay the entire amount of ` 90,000. Here: A. Deepak can file a suit against Pradeep for recovery of amount exceeding his share. B. Deepak is entitled to recover ` 30,000 each from Ashwani and Tarun C. On payment by Deepak, the contract is discharged and Ashwani and Tarun are also not liable to Deepak. D. Pradeep is not justified here and is liable to refund the entire amount to Deepak.

Description : Deepak, Ashwani and Tarun jointly promised to pay ` 90,000 to Pradeep. Deepak was compelled by Pradeep to pay the entire amount of ` 90,000. Here: A. Deepak can file a suit against Pradeep for ... to Deepak. D. Pradeep is not justified here and is liable to refund the entire amount to Deepak.

Last Answer : B. Deepak is entitled to recover ` 30,000 each from Ashwani and Tarun

Floating Exchange Rate is also referred to as - (1) Flexible Exchange Rate (2) Fixed Exchange Rate (3) Real Exchange Rate (4) Controlled Exchange Rate

Description : Floating Exchange Rate is also referred to as - (1) Flexible Exchange Rate (2) Fixed Exchange Rate (3) Real Exchange Rate (4) Controlled Exchange Rate

Last Answer : (1) Flexible Exchange Rate Explanation: A floating exchange rate or fluctuating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to fluctuate according to the ... and foreign business cycles, and to preempt the possibility of having a balance of payments crisis.

Floating Exchange Rate is also referred to as (1) Flexible Exchange Rate (2) Fixed Exchange Rate (3) Real Exchange Rate (4) Controlled Exchange Rate

Description : Floating Exchange Rate is also referred to as (1) Flexible Exchange Rate (2) Fixed Exchange Rate (3) Real Exchange Rate (4) Controlled Exchange Rate

Last Answer : Flexible Exchange Rate

What is the currency of 'European Economic and Monetary Union area' ? -General Knowledge

Description : What is the currency of 'European Economic and Monetary Union area' ? -General Knowledge

Last Answer : The currency of 'European Economic and Monetary Union area' is called Euro

The European Union is an example of ______. A. monetary union. B. free trade area. C. common market. D. economic union.

Description : The European Union is an example of ______. A. monetary union. B. free trade area. C. common market. D. economic union.

Last Answer : D. economic union.

Which company shares can be freely transferable A. Private company B. Public company C. Both a & b D. None of the above

Description : Which company shares can be freely transferable A. Private company B. Public company C. Both a & b D. None of the above

Last Answer : B. Public company

IBRD (International Bank for Reconstruction and Development) also known as A. Exim Bank B. World Bank C. International Monetary fund D. International Bank

Description : IBRD (International Bank for Reconstruction and Development) also known as A. Exim Bank B. World Bank C. International Monetary fund D. International Bank

Last Answer : B. World Bank

Which conference gives the birth to the ‘International Monetary Fund’?. A. Brettonwoods B. Congress C. LIBOR D. TIDA

Description : Which conference gives the birth to the ‘International Monetary Fund’?. A. Brettonwoods B. Congress C. LIBOR D. TIDA

Last Answer : A. Brettonwoods

International Monetary Fund (IMF) was established on : A. 25 September, 1944 B. 27 December, 1944 C. 25 September, 1945 D. 27 December, 1945

Description : International Monetary Fund (IMF) was established on : A. 25 September, 1944 B. 27 December, 1944 C. 25 September, 1945 D. 27 December, 1945

Last Answer : D. 27 December, 1945

Rather than constructing their own currency baskets, many nations peg the value of their currencies to a currency basket defined by the International Monetary Fund. Which of the following illustrates this basket? A. IMF tranche B. Special Drawing Rights C. Primary reserve asset D. Swap facility

Description : Rather than constructing their own currency baskets, many nations peg the value of their currencies to a currency basket defined by the International Monetary Fund. Which of the following illustrates this ... . IMF tranche B. Special Drawing Rights C. Primary reserve asset D. Swap facility

Last Answer : B. Special Drawing Right

In profit center revenue represents a monetary measure of output emanating from a profit center in a given period irrespective whether A. The revenue is realized or not B. The output is sold or not C. Both a and b D. None of the above

Description : In profit center revenue represents a monetary measure of output emanating from a profit center in a given period irrespective whether A. The revenue is realized or not B. The output is sold or not C. Both a and b D. None of the above

Last Answer : C. Both a and b

Which European Union has not yet adopted the Euro ?

Last Answer : The European Union has not yet accepted the euro "England".

Economic Planning is an essential feature of: A. Capitalist economy B. Socialist Economy C. Mixed Economy D. Dual Economy

Description : Economic Planning is an essential feature of: A. Capitalist economy B. Socialist Economy C. Mixed Economy D. Dual Economy

Last Answer : B. Socialist Economy

When a seller requires that a dealer not handle competitors' products, the agreement is called a/an A. Exclusive distribution B. Exclusive dealing C. Control criterion D. Dual distribution

Description : When a seller requires that a dealer not handle competitors' products, the agreement is called a/an A. Exclusive distribution B. Exclusive dealing C. Control criterion D. Dual distribution

Last Answer : D. Dual distribution

Full convertibility of a rupeee means - (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Description : Full convertibility of a rupeee means - (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Last Answer : (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply Explanation: The full convertibility of the Indian currency means ... governmental control. Presently, the issue of capital account convertibility is in the discussion stage.

Full convertibility of a rupeee means (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Description : Full convertibility of a rupeee means (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Last Answer : determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Are ribosomes floating freely in the cytoplasm?

Description : Are ribosomes floating freely in the cytoplasm?

Last Answer : Yes. Ribosomes are found both freely floating and attached tothe endoplasmic reticulum.

According to monetary approach of Balance of Payments, the demand for money is a stable function of (a) income, prices and rate of interest (b) income and prices (c) prices and rate of interest (d) income, prices and foreign exchange reserves

Description : According to monetary approach of Balance of Payments, the demand for money is a stable function of (a) income, prices and rate of interest (b) income and prices (c) prices and rate of interest (d) income, prices and foreign exchange reserves

Last Answer : income, prices and rate of interest

Non-monetary items which are carried in terms of historical cost denominated in a foreign currency should be reported using the exchange rate at the date of the ___________ (a) Balance Sheet (b) Transaction (c) Settlement (d) None of the above

Description : Non-monetary items which are carried in terms of historical cost denominated in a foreign currency should be reported using the exchange rate at the date of the ___________ (a) Balance Sheet (b) Transaction (c) Settlement (d) None of the above

Last Answer : b) Transaction

The exchange rate at the balance sheet date is known as ________ (a) Average Rate (b) Closing Rate (c) Non-monetary Rate (d) Monetary Rate

Description : The exchange rate at the balance sheet date is known as ________ (a) Average Rate (b) Closing Rate (c) Non-monetary Rate (d) Monetary Rate

Last Answer : (b) Closing Rate

Non-monetary items in foreign currency shall be converted into reporting currency by using which exchange rate? a. closing rate b. average rate c. actual rate effective on date d. all the above

Description : Non-monetary items in foreign currency shall be converted into reporting currency by using which exchange rate? a. closing rate b. average rate c. actual rate effective on date d. all the above

Last Answer : c. actual rate effective on date

Whenever a new product eliminates another product because of its improvements, such as CDs to Cassettes, this phenomenon is referred as A. Improvements B. Creative destruction C. Creative construction D. Improvement destruction

Description : Whenever a new product eliminates another product because of its improvements, such as CDs to Cassettes, this phenomenon is referred as A. Improvements B. Creative destruction C. Creative construction D. Improvement destruction

Last Answer : B. Creative destruction

The environment which examines institutions and other forces that has a deep effect on society's basic values, perceptions, preferences, and behaviors is referred to as what? E. Cultural Environment F. Demographic Environment G. Economic Environment H. Technological Environment

Description : The environment which examines institutions and other forces that has a deep effect on society's basic values, perceptions, preferences, and behaviors is referred to as what? E. Cultural Environment F. Demographic Environment G. Economic Environment H. Technological Environment

Last Answer : H. Technological Environment

What is Ethics to do with? A. Nothing B. The wider community C. Business D. Right and wrong E. None of the above

Description : What is Ethics to do with? A. Nothing B. The wider community C. Business D. Right and wrong E. None of the above

Last Answer : D. Right and wrong

Who are organisational stakeholders? A. Providers of finance B. Customers C. Employees D. Community E. Government F. All of the above

Description : Who are organisational stakeholders? A. Providers of finance B. Customers C. Employees D. Community E. Government F. All of the above

Last Answer : F. All of the above