What percent of currency transactions involve a trade in the spot market?
a. 30%
b. 40%
c. 60%
d. 90%
Ans: d. 90%
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The expenditure approach measures GDP by adding
A) compensation of employees, rental income, corporate profits, net interest, and proprietors' income. B) compensation of employees, rental income, corporate profits, net interest, proprietors' income, subsidies paid by the government, indirect taxes paid, and depreciation. C) compensation of employees, rental income, corporate profits, net interest, proprietors' income, indirect taxes paid, and depreciation and subtracting subsidies paid by the government. D) consumption expenditure, gross private domestic investment, net exports of goods and services, and government expenditure on goods and services.
________ is defined as first pricing below fair value to drive domestic firms from the market and then pricing as monopolists
A) Predatory subsidization B) Monopoly subsidization C) Predatory dumping D) Monopoly dumping
A bank's required reserves are:
A. a financial liability for the Fed. B. a financial asset for the Fed. C. counted as money. D. a financial liability for the bank.
In the recession of 2008-2009, the unemployment rate rose to over 10 percent.
Answer the following statement true (T) or false (F)