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Brookstone College Of Business

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What is the difference between a fixed exchange rate regime and a currency union?

  • What is the difference between a fixed exchange rate regime and a currency union?

  • Exam (elaborations) • 5 pages • 2021
  • What is the difference between a fixed exchange rate regime and a currency union? (Hint: one of them needs more foreign exchange reserves). Are flexible wages necessary for a regional currency union to work? What is the difference between a fixed exchange rate regime and a currency union?
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Why does the BOP always “balance”?

  • Why does the BOP always “balance”?

  • Exam (elaborations) • 7 pages • 2021
  • Why does the BOP always “balance”? Discussed in details The Balance of Payment is always balance. Whenever a nation runs a current record by collecting monetary liabilities or drawing down its resources. When a nation runs a current account surplus account excess, it gathers abroad assets or settles its liabilities....
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