At the Bretton Woods conference, all currencies were given
A) a fixed value.
B) a zero value.
C) a par value.
D) a floating value.
Answer: C
You might also like to view...
The goal of all regulation is the creation of perfectly competitive markets.
Answer the following statement true (T) or false (F)
Stagflation involves simultaneous high levels of
A. unemployment and interest rates. B. interest rates and inflation. C. unemployment and inflation. D. economic growth and inflation.
With one year of study, Rob Sanchez can earn a master's degree, which will cost him $15,000 in tuition and $20,000 in lost wages. The degree will increase his yearly income by $20,000 per year for three years after receiving the degree. The interest rate is 10 percent (0.10) per year. What should Rob do? (Assume that costs are incurred and income is received at the end of the year.)
a. he should obtain the degree because education always pays off b. because the cost of tuition and lost wages ($35,000 . is less than the extra income ($60,000), he should obtain the degree c. he should subtract the present value of tuition from the total present value of the additional income. If the number is positive, he should obtain the degree d. he should subtract the total present value of the tuition and lost wages from the total present value of the additional income. If the number is positive, he should obtain the degree e. he should subtract the present value of lost wages from the total present value of additional income. If the number is positive, he should obtain the degree
If national income = $5,000 . autonomous consumption = $200, the MPC = 0.80, and intended investment demand is $800, then actual investment will
a. equal intended investment, and the economy will be in equilibrium b. be less than intended investment, and production and incomes will grow c. be greater than intended investment, and production and incomes will fall d. be less than intended investment, and production and incomes will fall e. be greater than intended investment, and production and incomes will grow