If a country adopts another country's currency, it is called
A: a crawling peg.
B: a dirty float.
C: dollarization.
D: monetary order.
A: a crawling peg.
B: a dirty float.
C: dollarization.
D: monetary order.
举一反三
- When a country ’s balance of payments deficit, what policies can be adopted in order to restore the balance of payments ( ). A: Let the local currency depreciate B: Let the local currency depreciate C: Adopting tight monetary policy D: Let the local currency appreciate E: Taking an expansionary fiscal policy F: Adopting an expansionary monetary policy
- The price of one country's currency in units of another currency or commodity is the ________. A: foreign interest rate B: foreign currency exchange rate C: par value D: international rate
- Which one of the following statements is the MOST accurate? （ ) A: A depreciation of a country's currency makes its goods more expensive for foreigners. B: An appreciation of a country's currency makes its goods more expensive. C: A depreciation of a country's currency makes its goods cheaper for foreigners. D: A depreciation of a country's currency makes its goods cheaper.
- __________ is responsible for making and implementing a country’s monetary policy.
- Under a floating exchange rate, the government or central bank ties the official exchange rate to another country's currency or to the price of gold.