Term a country’s decision to tie the value of its currency to another country’s currency gold or a basket of currencies ?

Related Mcqs:

Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

A. letter of Credit B. Letter of expression C. Demand draft D. Letter of intent...

What is called that debt obligation backed strictly by the borrower’s integrity ?

A. Debenture B. Securities C. Credit rating D. None of them...

Which of the following is not an indirect tax ?

A. Income tax B. Sales tax C. Custom duty D. Tariff...

Which of the following must always balance ?

A. The balance of visible trade B. The balance of invisible trade C. The balance on the current account D. The balance of payments...

Which of the following is not a function of a commercial bank?

A. Accepting public deposits B. Granting loan and advances C. Undertaking agency functions D. Banker to the government...