Which agency lends money to countries to help them stabilize their exchange rates?
A. the World Bank
B. the United Nations
C. the Federal Reserve
D. the International Monetary Fund
Answer: D
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The consumer price index measures the cost of:
A. a changing basket of goods and services. B. all goods and services purchased by consumers. C. a fixed basket of goods and services. D. goods and services required to live above the poverty level.
Which of the following would be a part of macroeconomics?
A) the change in automobile sales due to a change in the price of automobiles. B) a tax reduction impact on the profits of a business. C) inflation. D) the unemployment of workers displaced by technological change in the typesetting industry.
Suppose that a perfect-maximizing monopolist operates with a horizontal marginal cost curve and no fixed costs. Which of the following would NOT be represented as part of the area between its demand curve and marginal cost curve?
A. economic profits B. total costs C. deadweight loss D. consumer surplus
In the context of auto theft, an example of self-protection would be
A. an insurance company buying reinsurance from the government. B. an insurance company buying reinsurance from another insurance company. C. an individual buying auto insurance to recover losses from theft. D. an individual purchasing a product that makes a car less susceptible to theft.