Identify markets in which there is an exchange.
What will be an ideal response?
financial capital markets, labor markets, and consumer markets
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The medium of exchange is defined as
A) an object that is accepted in return for goods and services. B) the exchange of goods and services directly for goods and services. C) an item that can be stored and hold its value over time. D) credit cards. E) barter.
When a firm buys a product from another firm in the same company, it is charged
A) an implicit price. B) a market price. C) a predatory price. D) a transfer price.
Suppose that there are only two countries, the U.S. and Japan. If real interest rates rise in Japan, which of the following is NOT true?
A) More Japanese yen will be supplied in exchange for dollars. B) More U.S. dollars will be supplied in exchange for yen. C) The volume of yen traded will increase. D) Japanese borrowers will be worse off.
Compound interest:
A. describes how quickly an interest-bearing asset increases in value. B. measures the rate of return of a portfolio of stocks and bonds. C. measures the after-tax, inflation-adjusted rate of interest. D. refers to the multiple rates of interest of various types of bonds in a portfolio.