The demand for euros would come from
A. American exports to Europe.
B. European demand for U.S. government bonds.
C. American demand for European real estate.
D. All of the above are correct.
Answer: C
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Housing is the largest component of the U.S. CPI market basket
Indicate whether the statement is true or false
Which of the following is true? a. Price leadership is a form of explicit collusion
b. Price leadership is more likely when there are a substantial number of roughly equally sized firms in oligopoly. c. A price leader is most likely to be a dominant firm in an industry. d. None of the above is true.
If the fractional reserve system were to cease to exist, the banking system would be able to create money
Indicate whether the statement is true or false
If the potential money multiplier in the U.S. is 4, then a simple $1 increase in demand deposits—say a young child opening up her very own checking account—can potentially create demand deposits (including the child's $1) of
a. $40.00 b. $4.00 c. $2.50 d. $0.40 e. $0.25