Which of the following regarding the adjustment under gold standard is true( )
A. the exchange rate is determined by demand and supply between the gold points and is prevented from moving outside the gold points by gold shipments
B. exchange rates between two nations can fluctuate freely under gold standard
C. It shows that a nation should attempt to continuously accumulate gold
D. all of the above
查看答案
A foreign exchange market is unstable if the supply curve is positively sloped and less elastic () than the demand curve of foreign exchange. ()
The Marshall–Lerner condition indicates a stable foreign exchange market if the sum of the price elasticities of the demand for imports and the demand for exports0, in absolute terms, is less than 1. ()
A foreign exchange option is a forward contract for standardized currency amounts and selected calendar dates traded on the exchange market. ()
Stabilizing speculation refers to the avoidance of a foreign exchange risk, or the covering of an open position. ()