Question
1. Which of the following statements regarding common law and civil law legal systems is INCORRECT? - Codified principles are more important than cases in
1. Which of the following statements regarding common law and civil law legal systems is INCORRECT?
- Codified principles are more important than cases in civil law countries
- Civil law countries tend to provide stronger investor protection
- European countries such as Italy are classified as civil law countries
2. Which of the following exchange rate arrangements allows government intervention with market forces to set exchange rates?
- Free float
- Currency substitution
- Managed float
3. Which of the following statements regarding fixed and flexible exchange rate regimes is INCORRECT?
- Fixed exchange rates reduce exchange rate uncertainty
- Flexible exchange rates enable easier external adjustments
- Fixed exchange rates insulate countries from inflation in other countries
4. Which of the following statements regarding European Monetary Union is INCORRECT?
- EMU promotes cross-border investments and mergers
- EMU enhances exchange rate policy independence
- EMU improves the liquidity of European financial markets
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