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In countries where the monetary system has broken down, what are some alternatives to which people have resorted to carry out exchange?

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Raushan Raj
Raushan RajLv8
28 Sep 2019

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Related questions

The Federal Reserve System is responsible for establishing monetary policy. It has a significant degree of independence from the executive, legislative and judicial branches of government. Its policymakers, the seven-member Board of Governors, serve 14-year terms with one member appointed every two years. There are 12 Federal Reserve District Banks spread around the county rather than one central bank in Washington, D.C. to carry out the policies established by the Board of Governors.

Why do you think the Fed was set up in this manner? Do you think that it is a good system for establishing and carrying out monetary policy in the country? Some politicians have suggested that the executive and/or the legislative branches of government should have more say or influence regarding monetary policy. In your opinion, would this be a good idea or not?

1. More people in high-income countries than in low-income countries tend to believe that rapid rates of economic growth are not desirable.

Some people in ______-income countries are ______ with certain consequences of rapid economic growth, such as higher standard of living.

-in low-income countries -are concerned with

-in high-income countries -are satisfied with

2. Which of the following best explains what is actually happening to real per capita GDPs of countries?

a. Lower-income countries have not caught up to higher-income countries at all.

b. Lower-income industrial countries are catching up with higher-income industrial countries.

c. Most countries now have similar real per capita GDP levels.

d. Poor countries are generally catching up with rich countries.

Assume that you are an economic advisor and your focus is on understanding the different types of exchange rate systems. You have been hired to understand the shifts in monetary policy and their influence on monetary policy. The only causes of fluctuations in stock prices are unexpected shifts in monetary policies. Now, your task is to explain whether a fixed or floating exchange rate system would cause greater gains from international asset trade. In your answer, focus on the change in policy with regard to monetary policy and its influence on exchange rates.

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