题目内容

The International Fisher Effect states that for any two countries, the spot exchange rate should change in an equal amount but in the opposite direction to the difference in nominal interest rates for the two countries.

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When the foreign exchange market determines the relative value of a currency, the country is adhering to a pegged exchange rate.

In a customs union, trade barriers are eliminated among member countries and each country maintains its own external trade polices with nonmember countries. ( )

Linking neighboring countries economically and making them interdependent, creates incentives to increase political cooperation as well. ( )

A regional free trade agreement will benefit the world only when the amount of trade it diverts exceeds the amount of trade it creates. ( )

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