Refer to Figure 19-5. Suppose the pegged exchange rate is $0.14/yuan and U.S. consumers increase their demand for Chinese products. Using the figure above, this would
A) increase the surplus of Chinese yuan. B) decrease the shortage of Chinese yuan.
C) decrease the surplus of Chinese yuan. D) increase the shortage of Chinese yuan.
C
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Suppose that you have $100 today and expect to receive $100 one year from today. Your money market account pays an annual interest rate of 25%, and you may borrow money at that interest rate. Suppose that you borrow $60 and spend $160 today. After you repay your loan one year from today, how much money will you have available for consumption one year from today?
a. $0 b. $25 c. $50 d. $75
Based on the information in the table, what quantity of reserves did the Federal Reserve inject into the economy in 1932? Currency held by public (in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. $0.07 billion B. $0.23 billion C. $0.16 billion D. $0.30 billion
Gold is an example of
A) commodity money. B) fiat money. C) barter money. D) M1.
Which type of business has the most government rules and regulations affecting it?
A) sole proprietorship B) partnership C) corporation D) They all have the same set of rules and regulations affecting them.