Foreign exchange means
a. changing dollars into foreign currency
b. domestic currency held to finance international trade
c. foreign currency
d. trade between governments
e. trade between individuals in different countries
C
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George purchased a $10,000 bond that pays a nominal interest rate of 8 percent per year. George's marginal income tax rate is 28 percent. Over the last year, inflation was 3 percent
Find George's before-tax real interest rate and his after-tax real interest rate.
The psychological theory of the business cycle is
a. incorporated into practically all other theories of the cycle. b. held in disrepute by most economists. c. a complete explanation of the cycle. d. used only by monetary theorists.
If the CPI was 180 at the end of 2007, and 216 at the end of 2008, the inflation rate in 2008 was
A) 216 percent. B) 36 percent. C) 18 percent. D) 20 percent. E) 16.67 percent.
Long-run aggregate supply will decrease for...
What will be an ideal response?