Countries that have flexible exchange rates are known to possess some certain economic characteristics. What are they?
What will be an ideal response?
Large size, relatively closed, inflation rate that differs from trading partners, diversified trade.
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List the various categories into which a bank's liabilities are divided?
What will be an ideal response?
Your father tells you he earned $3.00 per hour when he was 16 in 1977; you remember making $6.00 per hour when you were 16 in 1999 . Given that the CPI was 36.7 in 1977 and 166.1 in 1999, which of the following is the 1999 real equivalent of your father's hourly earnings when he was 16?
a. $4.48 b. $6.78 c. $13.58 d. $15.01
Explain how a market demand curve is constructed
What will be an ideal response?
Which of the following equations correctly describes the U.S. balance of payments in 2017?
a. current account balance – financial account balance + statistical discrepancy = net balance
b. current account balance + financial account balance – statistical discrepancy = net balance
c. current account balance + financial account balance + statistical discrepancy = net balance
d. current account balance – financial account balance - statistical discrepancy = net balance