In economics, the term foreign exchange trading means
A) buying and selling foreign goods.
B) buying and selling foreign services.
C) buying and selling foreign assets (such as, real estate).
D) buying and selling foreign currencies.
D
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Because barriers to entry limit the amount of competition in various markets, government policy should be designed to reduce or eliminate such barriers wherever possible
Indicate whether the statement is true or false
Under the Exchange Rate Mechanism of the European Monetary System, when the German mark depreciated below its lower limit against the British pound, the Bank of England was required to buy ________ and sell ________,
thereby ________ international reserves. A) pounds; marks; losing B) pounds; marks; gaining C) marks; pounds; gaining D) marks; pounds; losing
Prices are useful in coordinating society's economic planning because
a. they convey information about which goods are scarce and which are plentiful. b. economies based on price systems are more flexible than centrally planned economies. c. economies based on price systems are more likely than centrally planned economies to minimize the cost of producing society's output. d. All of the above are correct.
When Kim in Korea buys stock in GE (General Electric), NCO:
A. is zero. B. decreases. C. is unaffected. D. increases.