The Greeks who had anticipated that Greece would opt-out of euro,
A. purchased government securities from the central bank of Greece.
B. increased their euro-denominated deposits in Greek banks.
C. converted their liquid assets to gold deposits.
D. closed their euro-denominated accounts and took those to foreign banks.
Answer: D
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Which of the following are NOT true?
a. Credit cards are the same as debit cards when determining the money supply. b. Credit cards are included in M2 but not M1. c. Credit cards do not impact the demand for money. d. Credit cards are a means of payment. e. All of the above are true.
Tickets to the Michigan-Notre Dame football game are usually sold out in advance of game day. This suggests that
a. the price of the tickets must be very high or else people would not consider them valuable b. the price is set below the equilibrium level c. the football stadium is relatively small d. everyone who attends the game will enjoy it e. the price is determined primarily by the fixed supply of tickets
Workers in the poor countries of the world where labor intensive products are produced earn between ________________ per day compared to United States workers earning eight to twelve dollars per hour.
Fill in the blank(s) with the appropriate word(s).
A U.S. mutual fund buys stock issued by a corporation in Colombia. A U.S. grocery store chain builds and manages a new warehouse in Honduras. Which one(s) of these is foreign direct investment? Which one(s) would be taken into account when computing U.S. net capital outflows?