Which of the following institutions is the most important participant in foreign currency markets?
A) A retail customer
B) A commercial bank
C) A foreign exchange broker
D) A central bank
E) None of the above.
B
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According to the liquidity premium theory of the term structure, a downward sloping yield curve indicates that short-term interest rates are expected to
A) rise in the future. B) remain unchanged in the future. C) decline moderately in the future. D) decline sharply in the future.
The longer the time period under study,
a. the more elastic is the price elasticity of demand. b. the less sensitive consumers will be to price changes. c. the less adjustment consumers will make to price changes. d. the more inelastic is the price elasticity of demand. e. the more likely any given price cut will result in a smaller reaction by the consumer.
A natural monopoly is based on
a. diseconomies of scale b. diseconomies of scope c. external diseconomies d. economic freedom e. economies of scale
All of the following are reasons that health care costs have risen so much in the past few decades EXCEPT
A) the aging population. B) higher imports. C) new technologies. D) third party payments.