From the beginning of 1974 until January 2013, the value of the Canadian dollar has ________ relative to the U.S. dollar and ________ relative to the Japanese yen.
A) appreciated than depreciated; appreciated
B) depreciated then appreciated; depreciated
C) depreciated then appreciated; appreciated
D) depreciated; depreciated
Ans: B) depreciated then appreciated; depreciated
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Refer to the scenario above. What is the present value of Option B?
A) $2,463.66 B) $3,267.99 C) $4,157.46 D) $5,800.79
Suppose the price of a good rises. The income effect
A) shows the change in consumption that results from the change in relative price while staying on the same indifference curve. B) shows the change in consumption that results from the change in relative price while keeping income constant. C) is shown by decreasing income at the new relative price in order to move from the old indifference curve to the new indifference curve after the price change. D) is shown by increasing income at the new relative price in order to move from the old indifference curve to the new indifference curve after the price change.
Equity and debt instruments with maturities greater than one year are called ________ market instruments
A) capital B) money C) federal D) benchmark
The actual control of the Federal Reserve System resides in the
a. Congress of the United States. b. member banks. c. Senate Banking Committee. d. Board of Governors.