The European Central Bank is located in ______, probably as a result of ______ influence on European monetary policy because of its above-average economic performance.
A) London; Britain's
B) Paris; France's
C) Frankfurt; Germany's
D) Geneva; Switzerland's
Ans: C) Frankfurt; Germany's
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Which of the following is not a subcategory of consumption spending?
a. consumer services b. consumer investment c. consumer durable goods d. consumer nondurable goods
Suppose that Venezuela experiences significant capital outflows after a recent election. If the nation had fixed exchange rates, what effect would these flows have had on Venezuela's overall balance and reserves account?
a. Overall balance would rise and reserves account would fall. b. Overall balance would not change and reserves account would fall. c. Overall balance would fall and reserves account would rise. d. Overall balance would fall and reserves account would fall. e. Overall balance would fall and reserves account would rise.
Which group is responsible for the policy of the Federal Reserve on purchasing and selling government securities?
A. Federal Open Market Committee. B. Thrift Advisory Council. C. Office of Management and Budget. D. Federal Advisory Council.
An increase in inflation in the United States relative to the rate in France would make:
A. U.S. goods relatively less expensive in the United States and in France. B. French goods relatively less expensive in the United States and U.S. goods relatively more expensive in France. C. French goods relatively more expensive in the United States and in France. D. French goods relatively more expensive in the United States and U.S. goods relatively less expensive in France.