What would the Fed have done if it had tried to keep the exchange rate at its 2001 level?
A) buy dollars and sell euros
B) sell dollars and sell euros
C) sell dollars and buy euros
D) buy dollars and buy euros
E) None of the above is correct because the Fed cannot affect the exchange rate.
A
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Suppose the Bureau of Labor Statistics uses Ballpark Franks as the hot dogs used when calculating the consumer price index. During 2012, Oscar Mayer aggressively reduces prices
Consumers respond by purchasing more Oscar Mayer and less Ballpark Franks. The 2012 CPI is likely to A) understate the average prices paid by consumers. B) overstate the average prices paid by businesses. C) overstate the average prices paid by consumers. D) understate the average prices paid by businesses. E) neither understate nor overstate the average prices because some consumers will still buy Ballpark Franks.
In the above figure, if the market produces the efficient amount of purses, then consumer surplus equals triangle
A) abc. B) bcd. C) adc. D) cgf.
Silver is an example of a
A) commodity money. B) fiat money. C) barter money. D) representative money.
Asset management refers to:
A. how a bank attracts deposits and what it pays for them. B. a bank's handling of how much interest it pays on deposits. C. how a bank manages its accounts payable. D. a bank's handling of loans and other assets.