Reciprocity between two countries implies that
a. neither will trade with the other
b. trade flows freely across the two countries' borders
c. trade can only be beneficial to one of the countries
d. each agree not to trade with any other countries
e. you do unto others as they do unto you
E
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State banking authorities have sole jurisdiction over state banks
A) without FDIC insurance. B) that are not members of the Federal Reserve System. C) operating as bank holding companies. D) chartered in the 21st century.
Those who generally have low willingness to take on risk are said to be:
A. risk-seekers. B. risk-averse. C. high-compensation players. D. low-risk players.
Which of the following can a nation use to shift the supply or demand for its currency?
A. Fiscal, monetary, and trade policies. B. Fiscal policy but not monetary policy. C. Monetary policy but not trade policy. D. Trade policies such as tariffs but not fiscal policy.
Which of the following can create demand-pull inflation?
A. Excessive aggregate spending. B. Sharply rising oil prices. C. Higher labor costs. D. Recessions and depressions.