International Financial Management Study Set 1
Quiz 6: Government Influence on Exchange Rates
43.Under a pegged exchange rate system, the home currency's value is pegged to a foreign currency.
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44.A major advantage of the euro is the complete elimination of exchange rate risk on transactions between participating European countries, which encourages more trade and capital flows within Europe.
45.The European countries conforming to the euro are completely insulated from movements in the euro's value with respect to other currencies.
46.The establishment of the euro allows for more consistent economic conditions across countries but eliminates the power of any individual European country to solve local economic problems with its own unique monetary policy.
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