In some countries, prices in stores are listed in terms of U.S. dollars, rather than in units of the local currency. That's most likely because
A. there is no other store of value.
B. interest rates are higher using U.S. dollars than using the local currency.
C. the country has experienced high rates of inflation.
D. the country's political system is unstable.
Answer: C
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The figure above shows the loanable funds market. At an interest rate of
A) 4 percent, the quantity supplied of loanable funds equals $18 trillion. B) 8 percent, the quantity demanded of loanable funds exceeds the quantity supplied. C) 6 percent, the quantity demanded of loanable funds equals $14 trillion. D) 8 percent, there is a surplus of loanable funds. E) 4 percent, there is a surplus of loanable funds.
One problem with rent controls is that policy makers often ignore its secondary effects
a. True b. False
One possible cure for the trade deficit is protectionism
a. True b. False Indicate whether the statement is true or false
The Brady Plan helped to end
A. the 1997 currency crisis. B. the 1980s debt crisis. C. the European debt crisis. D. the 1991 global recession.