The exchange rate of a currency in a black market:
A) will be less favorable to sellers of domestic currency than the official exchange rate.
B) will be more favorable to sellers of domestic currency than the official exchange rate.
C) will be more favorable to both the sellers and the buyers of domestic currency than the official exchange rate.
D) will be less favorable to both the sellers and the buyers of domestic currency than the official exchange rate.
A
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Attempting to answer the question of how much a life is worth is a job undertaken by
A) macroeconomists. B) forensic economists. C) economic theorists. D) environmental economists.
Labor productivity, real GDP per labor hour, increases if
A) saving and investment cause an increase in the quantity of capital per worker. B) there is an increase in the accumulation of human capital. C) new technologies are continuously discovered. D) All of the above answers are correct.
What is a trade credit?
a. A credit card purchase b. A government loan for exporters c. The extension of a period of time before which an importer must pay for goods and services purchased d. An IMF loan to meet trade deficit and liabilities for hard currencies e. The time it takes for franchisees to pay for the products they obtain from the main franchiser
A firm announces that it will refund the difference between its price and any price of a competitor that is lower. This is an example of:
A. predatory pricing. B. tying contracting. C. marginal cost pricing. D. a low-price guarantee.