An important effect of foreign currency speculators is that
A. they have consistently lost money and have left the market.
B. they have pushed exchange rates to wider extremes than most economists predicted.
C. they actually limit the volatility of exchange rate movements.
D. they have had no effect at all on exchange rate volatility.
Answer: C
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The supply curve indicates the minimum quantity that a producer would be willing to supply at alternative prices
Indicate whether the statement is true or false
The required reserve ratio is 10 percent, and the potential change in demand deposits is $100 million. What are original excess reserves?
A) $10 million B) $100 million C) $1 million D) $1 billion
Thomas Malthus' prediction of mass starvation resulting from diminishing marginal returns has not been fulfilled because
A) the law of diminishing marginal returns did not hold in this case. B) Malthus ignored other factors like technological change. C) relative to Malthus' day, larger percentage of today's labor works in the agricultural sector. D) All of the above.
Figure 10-3
?
In Figure 10-3, the profit maximizing firm will operate at a level of
A. OJ. B. OG. C. OI. D. OH.