The market for buying and selling foreign currencies is often referred to as the market for:
A. foreign exchange.
B. loanable funds.
C. international trade.
D. direct foreign investment.
A. foreign exchange.
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"There is evidence that the string of U.S. bank closings in the early 1930s helped start and worsen the Great Depression." Discuss
What will be an ideal response?
Historically, most harmful bubbles are characterized by
a. investment in stocks. b. the sale of Treasury bills. c. heaving borrowing. d. reliance on technology.
Which of the following types of government spending is included in the calculation of GDP?
A. Federal, state, and local government spending for any purpose. B. Federal spending only. C. Federal, state, and local spending on transfer payments only. D. Federal, state, and local government spending on goods and services only.
Buyers in the market for used guitars are getting more pessimistic about the possibility of getting a good guitar. This will cause the price of used guitars to ________ and the percentage of good used guitars to ________.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease