In recent history the value of the U.S. dollar has been determined by both market forces and government interventions.
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The value of the U.S. dollar rose rapidly on the foreign exchange market between 1980 and 1985 and then fell rapidly between 1985 and 1988.
A. 对
B. 错
Critics of a floating exchange rate regime argue that speculation can bring stability to exchange rates.
A. 对
B. 错
According to critics of a fixed exchange rate regime, if a country is running a trade deficit, the imbalance between the supply and demand of that country’s currency in the foreign exchange market will be corrected by domestic policy.
A. 对
B. 错
Under ERM, each national currency in the EC is given a “central rate” vis-à-vis the ECU.
A. 对
B. 错