Which one of the following is NOT a way for a country to defend its fixed exchange rate?
A. Impose some form of exchange control
B. Alter domestic interest rates
C. Promote real appreciation of the country's currency
D. Intervene in the foreign exchange market
Answer: C
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Why are most of the U.S. dollars held outside of the United States?
What will be an ideal response?
The proposed takeover of Tony's Airlines by Plummet Airlines will result in increased profits for Plummet and increased air fares for consumers. This is an example of
a. widespread distribution of benefits and costs b. concentrated distribution of costs and benefits c. concentrated distribution of benefits and widespread distribution of costs d. concentrated distribution of costs and widespread distribution of benefits e. logrolling
Which of the following is false?
a. The money supply times velocity equals the price level times real GDP b. If individuals are writing lots of checks on their checking accounts and spending currency as fast as they receive it, velocity will tend to be high. c. The magnitude of velocity does not depend on the definition of money that is used. d. Velocity equals nominal GDP divided by the money supply.
Bottlenecks may force competitors to offer services within the same network.
Answer the following statement true (T) or false (F)