If the euro per dollar exchange rate changes from $1 = 0.8 euros to $1 = 0.7 euros, it implies that the euro has depreciated against the dollar
a. True
b. False
Indicate whether the statement is true or false
False
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The growth-reducing effects of high public debt are transmitted entirely through high real interest rates on that debt
a. True b. False Indicate whether the statement is true or false
Assume a bank has total deposits of $100,000 and $20,000 is set aside to meet reserve requirements of the Fed. Its required reserve ratio is:
a. $20,000 b. 20 percent. c. 0.2 percent. d. 1 percent.
Assume that empirical evidence shows a difference in mean earnings between two groups, say, majority and minority workers. What conclusion may be drawn?
a. The group with the lower earnings is less productive. b. The group with the lower earnings is being discriminated against. c. Any of the above statements could, either partially or entirely, explain the difference in the mean earnings. d. The group with the higher earnings has a larger quantity of human capital.
A change in the value of consumer’s stock market holdings will cause a shift in the consumption function.
Answer the following statement true (T) or false (F)