If a country allows its currency's value to be determined in the market for foreign exchange, it has a:
A. prime exchange rate.
B. key exchange rate.
C. fixed exchange rate.
D. floating exchange rate.
Answer: D
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Which of the following are NOT traded in a capital market?
A) U.S. government agency securities B) state and local government bonds C) repurchase agreements D) corporate bonds
Which of the following best represents management's objective(s) in utilizing demand analysis?
a. it provides insights necessary for the effective manipulation of demand b. it helps to measure the efficiency of the use of company resources c. it aids in the forecasting of sales and revenues d. a and b e. a and c
Which of the following is one source of disagreement between economists?
a. Some facts about the economy are unknown. b. Economists differ in their political persuasions. c. Economic theory may not always give an unambiguous answer to a question. d. Solving one problem may make another problem worse. e. All of the above are correct.
At a firm's profit-maximizing level of output, its price is $200 and its short-run average total cost is $225 . The firm
a. has a profit of $25 per unit of output. b. should shut down if its short-run average fixed cost is less than $25. c. has a loss of $100 per unit of output. d. should shut down if its short-run average variable cost exceeds $25.