Answered

Explore IDNLearn.com's extensive Q&A database and find the answers you're looking for. Get prompt and accurate answers to your questions from our experts who are always ready to help.

Under a fixed exchange rate regime, the government of the country is officially responsible for ___

Sagot :

Ayfat23idn

Answer:

D. all of the above

Explanation:

THESE IS THE COMPLETE QUESTION BELOW;

Under a fixed exchange rate regime, the government of the country is officially responsible for

A) intervention in the foreign exchange markets using gold and reserves.

B) setting the fixed/parity exchange rate.

C) maintaining the fixed/parity exchange rate.

D) all of the above.

A fixed exchange rate can be regarded as regime that is been applied by either government or central bank , which is responsible for tieing official currency exchange rate of a country to that of another currency of a country or the price of gold. Government use fixed exchange rate system to keep within a narrow band the value of currency. It should be noted that Under a fixed exchange rate regime, the government of the country is officially responsible for;

✓ maintaining the fixed/parity exchange rate.

✓intervention in the foreign exchange markets using gold and reserves.

✓setting the fixed/parity exchange rate.

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. For dependable and accurate answers, visit IDNLearn.com. Thanks for visiting, and see you next time for more helpful information.