The Lost Decade began in 1990 when Colombia announced that it lacked the international reserves it needed to pay the interest and principle due on its foreign debt
Indicate whether the statement is true or false
FALSE
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As a percentage of GDP, exports are greater than imports for which of the following countries?
A) France B) China C) the United Kingdom D) the United States
An increase in the excess reserves banks want to hold, together with people taking currency out of their demand deposit accounts, would: a. increase the money supply
b. decrease the money supply. c. leave the money supply unchanged. d. have an indeterminate effect on the money supply.
The U.S. central bank performs all the following roles for the nation EXCEPT
A. performing banking functions for their nations' governments. B. providing financial services for private banks. C. lending funds directly to the public. D. conducting the nation's monetary policies.
Consider covered investments between the United States and Japan. If Japanese interest rates decrease, interest arbitrage operations will most likely result in a(n)
A. purchase of yen in the spot market. B. increase in the forward exchange price of the dollar. C. sale of dollars in the forward market. D. increase in the spot exchange price of the yen.