The figure above shows the demand and supply of dollars in the foreign exchange market. At a price of 2.40 Brazilian reals per dollar
A) there will be a shortage of dollars.
B) $40 billion dollars will be demanded.
C) $40 billion dollars will be supplied.
D) there will be a surplus of dollars.
D
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According to this theory of the term structure, bonds of different maturities are not substitutes for one another
A) segmented markets theory B) expectations theory C) liquidity premium theory D) separable markets theory
Assume that excess reserves are $10 million, demand deposits are $500 million, and total reserves are $135 million. The required reserve ratio is
A) .05. B) .1. C) .2. D) .25.
The hours of trading of North American markets overlap with those of both the European markets and the Asian markets
a. True b. False Indicate whether the statement is true or false
Which of the following is not correct?
a. Some economists believe that business owners who emphasize profit maximization will hire the most productive workers regardless of the personal characteristics of the worker; hence, these firms will drive discriminating firms out of business. b. Two economists found that employers in Boston and Chicago were about 50 percent more likely to interview job applicants named Emily and Greg than those named Lakisha and Jamal. c. Two economists found that women were less likely to participate in an experiment where they were paid based on math skills but more likely to participate when they were paid based on reading skills; men were more likely to participate when they were paid based on math skills and less likely to participate when they were paid based on reading skills. d. Economists found that the prices of older baseball cards were about 10 percent lower when the player was black rather than white.