CHAPTER 18 1.0 / 5 based on 1 rating ? EconomicsA2/A-levelAQA Created by: hayley ashtonCreated on: 26-02-13 23:03 Appreciated? When a floating currency increases in value 1 of 11 Depreciated? When a floating currency decreases in value 2 of 11 Exchange Controls? Restrictions on the ability to trade foreign currencies by a country's central bank 3 of 11 Adjustable Peg? Value of the fixed exchange rate can be changed as circumstances require 4 of 11 Crawling Peg? Frequent changes in the value of a fixed exchange rate 5 of 11 Revalued? When the authorities increase the value of their currency against others 6 of 11 Devalued? When authorities decrease the value of their currency against others 7 of 11 International Monetary Fund? A multinational institution set up in 1947 to operate the adjustable peg exchange rate system 8 of 11 Ceiling Price? Maximum price determined by the authorities 9 of 11 Floor Price? Minimum price determined by the authorities 10 of 11 Dirty Float? Manipulation of a floating rate to gain advantages over trading partners 11 of 11
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