If one U.S. dollar can be exchanged for 5 Swiss francs, then 1 franc can be exchanged for:
a. 5 cents. b. 20 cents.
c. 50 cents. d. 2 dollars.
b
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In a "crawling peg" regime, ________
A) the value of the currency is fixed to a basket of commodities B) higher inflation is permitted C) several anchor currencies are used in succession D) the currency may gain value, but cannot lose value
The total earnings arising from the production of the GDP is known as
a. real GDP. b. national income. c. personal income. d. discretionary income.
Purchases of existing commodities, such as gold and precious gems, are considered investment spending by economists
a. True b. False Indicate whether the statement is true or false
Holding all else constant, an increase in preferences by Mexicans for U.S. goods will ________ the demand for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. increase; decrease B. increase; increase C. decrease; decrease D. decrease; increase