In the spot market, the spread is the difference between the bid and offer rates and is the trader's profit margin.
a. true
b. false
a. true
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What is meant by "gains from specialization"?
What will be an ideal response?
The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. If real GDP is equal to $900 billion, then
A) aggregate planned expenditure is greater than real GDP. B) aggregate planned expenditure will need to decrease to reach the equilibrium. C) aggregate planned expenditure is less than real GDP. D) this is the equilibrium level of real GDP. E) aggregate planned expenditure is equal to real GDP.
The difference between what a productive resource receives as payment for its use in production and the cost of bringing that resource to the market is called profit
Indicate whether the statement is true or false
How would the impact on the exchange rate differ if the Fed were to sell U.S. Treasury securities instead of selling an equal amount (in $ terms) of euros?
What will be an ideal response?