Transactions costs in international financial markets are higher today than they were in the past
Indicate whether the statement is true or false
FALSE
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In response to a surplus the market price of a good will fall; as the price falls, the quantity demanded will increase and quantity supplied will decrease until equilibrium is reached
Indicate whether the statement is true or false
At which interest rate is the present value of $35.00 two years from today equal to about $30.00 today?
a. 5 percent b. 6 percent c. 7 percent d. 8 percent
Which of the following was NOT a creation of the Bretton Woods conference?
A) World Bank B) IMF C) IBRD D) WTO
Assume that with existing tax and spending laws, government spending exceeds government tax revenues. To cover the resulting shortfall, the government must:
A) increase consumers' incomes. B) print more money. C) Borrow money in the financial markets. D) lower interest rates.