Which of the currencies below does not serve a role as an international reserve currency?
A) European euro
B) Japanese yen
C) U.S. dollar
D) Mexican peso
D
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A consequence of the quota that has been imposed on the importation of sugar into the United States is
A) competition in the U.S. sugar market is reduced. B) the market for sugar in the United States has become monopolistically competitive rather than oligopolistic. C) the cost of producing cereal, chocolate, and candy products in the United States is reduced. D) consumers are protected from eating unsafe products made from cheap imported sugar.
To help developing nations strengthen their international competitiveness, many industrial nations have granted tariff reductions to developing nations under the
A) international commodity agreements program. B) multilateral contract program. C) generalized system of preferences program. D) export led growth program. E) import substitution policy.
The Federal Open Market Committee:
A. makes decisions that influence the nation's fiscal policy. B. reports directly to Congress. C. makes decisions that affect excess reserves available to banks. D. determines who may buy and sell government bonds.
The fundamental characteristics influencing the value of a financial instrument include each of the following except:
A. where the instrument is traded. B. the size of the payment promised. C. the likelihood of payment. D. when the promised payment will be made.