In forward transactions,

A) the exchange takes place at the same exchange rate as in the spot market.
B) currencies are exchanged at a set date in the future.
C) currencies may only be exchanged at rates set by governments well in advance.
D) currency is bought and sold for delivery later that same day.


B

Economics

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OPEC is an example of a:

A. cartel. B. duopoly. C. monopoly. D. monopsony.

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Refer to Table 10-7. What is Antonio's marginal utility from consuming the fifth beer?

A) 4 utils B) 13.6 utils C) 69 utils D) 134 utils

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Supply will become more elastic when

A) a time period lengthens. B) the time period shortens. C) the good is important to consumers. D) there are good substitutes for the goods.

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Ebay's use of "bidding agents" will

a. effectively turn an English auction into a Vickery auction b. effectively turn a Vickery auction into an English auction c. decide how much to shade your bid for you d. make you a more aggressive bidder

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