Multiple choice question.
Rates of exchange that are pegged by a government or central bank at a particular ratio.
The multiple of its excess reserves by which the banking system can expand checkable deposits and thus the money supply.
Rates of exchange that are determined by the international supply of and demand for a nation's money.
Interest rates set by the fed to influence the lending and borrowing decisions of financial institutions.
1 answer
Administered rates refer to the first option:
Rates of exchange that are pegged by a government or central bank at a particular ratio.
This describes how certain exchange rates can be stabilized or controlled by government or central bank interventions.
