The ________ is the most widely traded currency in the world.
A) pound
B) yen
C) euro
D) U.S. dollar
D) U.S. dollar
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Which of the following is NOT a result of a permanent fall in foreign demand on one country's exports under floating exchange rate?
A) The DD curve shifts to the left due to reduction of aggregate demand. B) The AA curve shifts upwards due to the increased expected long-run exchange rate. C) a reduction in output by a smaller degree compared to temporary fall in demand D) depreciation in home country's currency E) a raised level of unemployment
When determining whether a family's income is below the official poverty rate, non-cash benefits from the government, such as food stamps, housing and medical benefits, are also included
a. True b. False Indicate whether the statement is true or false
An increase in the supply of U.S. dollars to the foreign exchange market could be caused by all of the following except
a. U.S. incomes rise b. U.S. interest rates fall c. U.S. consumers buy more imported cars d. U.S. incomes fall e. U.S. travelers take more trips to other countries
The formula for required reserves is:
A. rD. B. D/rD. C. 1/rD. D. (1/rD ) D.