What are the main components of money in the United States today?
What will be an ideal response?
The main components of money in the United States today are currency and deposits at banks and other depository institutions.
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Compared to the United States, over the last three decades unemployment in Western Europe has been ________ and the rate of job creation has been ________.
A. higher; slower B. higher; faster C. lower; slower D. lower; faster
Refer to the scenario above. The average payoff of the bet is:
A) $50. B) $100. C) -$50. D) -$100.
When a market clearing price is determined
A) the exchange between buyers and sellers is voluntary. B) the exchange between buyers and sellers is directed by outside factors such as the government. C) the exchange between buyers and sellers benefits only the buyers. D) the exchange between buyers and sellers benefits only the sellers.
During the period 2001-2004, the U.S. Federal Reserve lowered nominal interest rates on the dollar by more than the European Central Bank (ECB) did on the euro, a move that most market participants viewed as temporary. What was the effect on the dollar-euro exchange rate?
a. The dollar depreciated against the euro. b. The dollar appreciated against the euro. c. There was no change in the dollar-euro rate because expectations adjusted. d. There was no change in the dollar-euro rate because real interest rates were unchanged.