The weighted average exchange rate value of a country's currency is called the ________ exchange rate.
A. nominal bilateral
B. nominal effective
C. real effective
D. real bilateral
Answer: B
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What is the largest source of tax revenue for the U.S. federal government and what is the largest expenditure item of the U.S. federal government?
What will be an ideal response?
What happens when the Fed aims to change interest rates?
A) It asks Congress to legislate new interest rates. B) It buys or sells government bonds on the open market to achieve the desired rate. C) It buys or sells dollars on the foreign exchange market to achieve the desired rate. D) It announces a new discount interest rate.
Which of the following is sometimes used as a synonym to describe a bond?
a. Stock b. Fixed-income security c. Capital asset d. Retained earning e. Depreciation
Given high transactions costs, the best way to deal with a positive externality is
A. to allow both parties to negotiate. B. to limit the extent of the externality. C. to subsidize it. D. to tax it.