The balance of payments is the domestic price of a foreign currency.

Answer the following statement true (T) or false (F)


False

The exchange rate is the domestic price of a foreign currency.

Economics

You might also like to view...

If we observe a market where the quantity supplied exceeds the quantity demanded, but the market price does not fall, then one explanation for this observation is

A. the market has a price ceiling in place. B. consumers don’t really like this product. C. the market has a price floor in place. D. sellers must produce a minimum quantity of the good, regardless of the demand for the product.

Economics

When the value of the dollar changes from £0.5 to £0.75, then the British pound has ________ and the U.S. dollar has ________

A) appreciated; appreciated B) depreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated

Economics

If the demand curve is horizontal, then demand is:

A. elastic. B. unit elastic. C. perfectly inelastic. D. perfectly elastic.

Economics

A deficit in a country's current account balance occurs whenever

A. money outflows from the country exceed its money inflows. B. money inflows into a country exceed its money outflows. C. its currency falls in value relative to other currencies. D. the country is alone in maintaining a strict gold standard.

Economics