The retail part of the foreign exchange market does not include traders at banks trading with
A. traders at other banks.
B. nonfinancial companies that sometimes want to buy and sell different currencies.
C. stock brokers who trade in the assets of the firms in different nations.
D. national governments.
Answer: A
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A price ceiling imposed below the equilibrium price ______
A. creates a black market in which the price might equal or exceed the equilibrium price B. creates a black market in which the price equals the price ceiling C. leads to increased search activity, which reduces the shortage of the good D. increases the demand for the good, which makes the shortage even larger
If the Bank of Japan permanently increases its money supply, then which of the following is most likely to take place in the short run?
a. Japanese prices will immediately decrease. b. Japanese prices will immediately increase. c. Japanese interest rates will increase. d. Japanese interest rates will decrease.
For purposes of calculating the unemployment rate, a person who works only 20 hours per week
A. is counted as being unemployed. B. is not included in the labor force. C. is not included in the population. D. is not counted as being unemployed.
Comment on the following statement: "I decided to buy a car from a dealer in a town 100 miles away because he was offering a price that was $100 lower than the dealer in my hometown. Therefore, I saved $100"
What will be an ideal response?