The real exchange rate between the domestic currency of a country and the foreign currency increases by 2 percent. If the domestic price level increases by 4 percent while the foreign price level increases by 3 percent, the nominal exchange rate will?
A. ?increase by 1 percent.
B. ?decrease by 3 percent
C. ?increase by 2.5 percent
D. ?decrease by 3 percent
Answer: A
You might also like to view...
Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,289,500? $1,265,200? Total liabilities$556,000? $461,200? Total stockholders' equity$733,500? $804,000? Net operating income (income before interest and taxes)$69,224? Interest expense$28,000? The company's debt-to-equity ratio at the end of Year 2 is closest to:
A. 0.62 B. 0.76 C. 0.43 D. 0.40
Arthur is the payee of a negotiable promissory note on which Brian is the maker. Arthur indorses the note in blank and delivers it to Clark, who then transfers it to David without indorsement. David presents it to Brian for payment when it becomes due, but Brian claims he signed the note based upon fraud in the inducement and refuses to pay
a. Who is primarily liable on the instrument? Who is secondarily liable on the instrument? b. Who has warranty liability? Why? Explain. c. From whom can David try to collect now that Brian refuses to pay?
Liquidation is a form of bankruptcy in which the debtor's exempt property is auctioned.
Answer the following statement true (T) or false (F)
Lessons learned may be lost from a project if they are not captured at the moment the lesson is learned
a. True b. False Indicate whether the statement is true or false