The exchange rate is:
A. the rate at which banks can borrow from the Fed.
B. the slope of the investment function.
C. the price at which one currency trades for another currency.
D. the rate at which one can translate money into consumption goods.
Answer: C
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A condition necessary for a country to achieve economic growth is
A) high tax rates so the government can purchase a lot of capital equipment. B) strict environmental regulations. C) economic freedom. D) government control of the banking system. E) democracy.
The greater the number of segments the seller can identify in the market, the more distinct prices it can charge
a. True b. False Indicate whether the statement is true or false
A direct relationship occurs when
A) the two variables being compared change in opposite directions, or when one goes up the other goes down. B) a change in one of the variables causes a change in the other variable in any direction. C) the two variables being compared change in the same direction, or when one goes up the other also goes up. D) the two variables have no identifiable relationship with each other.
When an input represents a larger proportion of a firm's total costs, then
A) demand for the input will tends to be less elastic. B) the input demand will not vary significantly with a change in input price. C) the usage of the input cannot be varied in the production function. D) demand for the input will tends to be more elastic.