1. A dirty float is A) when the value of a currency is pegged relative to the value of one other currency. B) when the value of a currency is allowed to fluctuate against all other currencies. C) when countries intervene in foreign exchange markets in an attempt to influence their exchange rates by buying and selling foreign assets. D) when the value of a currency is pegged relative to an anchor currency.

2. The advantage to of mutual funds is that they A) require no cash up front to buy a minimum of 100 shares of a stock. B) give investors with relatively small amounts of cash to invest access to large-denomination securities. C) always yield the highest returns. D) both (a) and (b) of the above. E) All of the above