Foreign exchange swaps involve:
A) selling one currency on the spot market and at the same time purchasing a forward
B) trading goods rather than money to improve efficiency
C) delaying payment of a spot contract until the currency is actually delivered
D) none of the above
Answer: A) selling one currency on the spot market and at the same time purchasing a forward
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A) $1. B) $2. C) $3. D) $4.
A vertical line showing the economy's potential is called the:
A. long-run aggregate supply line. B. short-run aggregate supply line. C. short-run equilibrium output line. D. aggregate demand curve.
According to the income-expenditure approach, ________ reduce consumption and other elements of aggregate expenditures, resulting in a ________ in real GDP demanded. Thus the aggregate demand curve is ________
a. lower prices; decrease; upward-sloping b. higher prices; increase; downward-sloping c. higher prices; decrease; downward-sloping d. higher prices; increase; upward-sloping
Explain how the demand for labor is determined.
What will be an ideal response?