Early adopters are consumers who will pay a high price to be among the first to own new products
Indicate whether the statement is true or false
TRUE
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When a U.S. company purchases $1 million worth of French cheese, the value of that transaction is recorded in the
A) current account. B) capital and financial account. C) transfer account. D) investment account. E) goods account.
Using present value to calculate stock prices is ________ than using present value to calculate bond prices because ________
A) less accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not B) more accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not C) less accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not D) more accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not
With perfect asset substitutability and capital mobility the domestic interest rate is equal to the foreign rate
Indicate whether the statement is true or false
If interest rates fall in country A, other things constant,
a. demand for that country's currency will fall and the currency will depreciate b. demand for that country's currency will fall and the currency will appreciate c. demand for that country's currency will rise and the currency will depreciate d. demand for that country's currency will rise and the currency will appreciate e. people in country B will pull money out of country A