Foreign exchange is traded:
a. weekly on the Internet in special auctions arranged by the Federal Reserve.
b. continuously all over the world 24 hours a day and seven days a week.
c. only in officially designated trading centers such as London or New York.
d. It is traded in none of these ways or venues.
Ans: b. continuously all over the world 24 hours a day and seven days a week.
You might also like to view...
The circular flow diagram implies that if accounting is done correctly, ________
A) the flow of income must exceed the implied value of the factors of production B) the implied value of the factors of production must exceed the flow of income C) the flow of expenditure must equal the income of the households making those expenditures D) the flow of expenditure must exceed the income of the households making those expenditures
Refer to the above figure. The figure represents the consumption function for a consumer. Point C represents
A) autonomous consumption. B) positive saving. C) negative saving. D) zero saving.
The market demand curve for a public good
a. is the horizontal sum of all individual demand curves b. is the vertical sum of all individual demand curves. c. is upward sloping d. is horizontal e. does not exist
What is one way the Federal Reserve Bank serves the government?
What will be an ideal response?