Suppose that Country X's currency is fixed to the Country Y's currency. Then, in the...
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Finance
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Suppose that Country X's currency is fixed to the Country Y's currency. Then, in the short run, Country Y's nominal interest rate determines the Country X's nominal interest rate.
True
False
Suppose that Country X's currency is fixed to the Country Y's currency. Then, in the short run, Country Y's nominal interest rate determines the Country X's nominal interest rate.
True
False
b)
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Which of the following is the output (endogenous variable) in floating exchange rate regime in the short run?
Interest rates
Exchange rate
Money Supply
None
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