In an FX swap, one currency is swapped for another on one date and then swapped back on a future date.
a. true
b. false
a. true
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Capital refers to
A. manufactured goods used to produce other goods or services. B. the work and time for which employees are paid. C. natural resources as well as "man"-made goods. D. the person who assembles the needed resources to start a business.
Which of the following is true about the demand curve for a monopolistically competitive firm??
A. ?It is less elastic (steeper) than for monopoly, but more elastic (flatter) than for a perfectly competitive firm. B. ?It is less elastic (steeper) than the demand curve for either a monopoly firm or a perfectly competitive firm. C. ?It is more elastic (flatter) than the demand curves for either a monopoly firm or a perfectly competitive firm. D. ?It is less elastic (steeper) than for a perfectly competitive firm, but more elastic (flatter) than for a monopoly firm.
Which of the following protects people from incompetent or unscrupulous producers?
A) the Federal Register B) social regulation C) the market share test D) economic regulation
Market failure occurs when
A. resources are misallocated, or allocated inefficiently. B. firms that are incurring losses leave a market. C. firms are only able to earn a normal profit. D. perfectly competitive firms produce where MR = MC.