International reserves include all except one of the following. Which is the exception?
a. gold
b. dollars
c. yen
d. Special Drawing Rights
e. oil
E
You might also like to view...
In an economy, for every $10 million increase in disposable income, saving increases by $2 million. It can be concluded that the
A. average propensity to save is 0.2. B. marginal propensity to consume is 0.2. C. slope of the saving schedule is 2. D. slope of the consumption schedule is 0.8.
When Starbucks accepts your $10 bill for two Grande Lattes and one Tall Caramel Macchiato, the $10 bill serves as a
A) medium of exchange. B) store of value. C) standard of value. D) commodity money.
Steve has two choices for taking classes. Each is three credits and meets three hours a week, so we assume they have equal monetary costs. If Steve chooses to take a modern dance class instead of an economics class, it must be that for Steve the opportunity cost of taking a modern dance class exceeds the opportunity cost of taking an economics class.
Answer the following statement true (T) or false (F)
A consequence of the impact lag is that the Fed
A) may not know the impact of a change in policy. B) might not be able to correct a mistaken policy soon enough. C) may not have current information about the state of the economy. D) may see the impact of a change in policy on inflation, but not economic growth.