Other things constant, an increase in the demand for bicycles will
a. decrease the price of bicycles.
b. decrease the quantity of bicycles bought and sold.
c. decrease the demand for bicycle workers and lower their wages.
d. increase the demand for bicycle workers and increase their wages.
D
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The Federal Reserve System provides banking services to ________ because ________
A) consumers and businesses; it is a central bank with responsibilities to the entire U.S. population B) banks and businesses; it is a central bank with the primary purpose of regulating financial institutions and markets C) commercial banks; it is a central bank with the primary purpose of regulating financial institutions and markets D) no one; it is a central bank with the primary purpose of regulating financial markets E) FDIC insured banks; they are the ones that have paid their membership fees and the only ones the U.S. central bank guarantees
The balance of trade is defined as
A) the difference between the value of the goods and services a country exports and the value of the goods and services a country imports. B) the difference between the balance of the current account and the balance of the capital account. C) the difference between the balance of the current account and the balance of the financial account. D) the difference between the value of the goods a country exports and the value of the goods a country imports.
For a country with a fixed exchange rate, foreign exchange reserves are
A) an asset of the domestic government. B) a liability of the domestic government. C) held by private banks. D) are unnecessary.
Changes in exchange rates are usually expressed in percentage terms.The percentage rate of appreciation for one currency will be close to the rate of depreciation for the other nation whenever:
a. the change in the rate is very small. b. the exchange rates are very different in quantitative terms. c. the change in the rate is very large. d. one exchange rate is 50% more than the other one at the time of the change