Suppose the exchange rate between the U.S. dollar and the French franc is 0.25 francs per dollar. If a television sells for 100 francs in France, what is the dollar price of the television set?
A) $400
B) $25
C) $50
D) $200
A
You might also like to view...
The accountant for Muzhi's Sushi claims that Muzhi has accomplished "economic efficiency." This means that Muzhi's Sushi
A) produces a given output using the least inputs. B) produces a given output at the lowest cost. C) has an economic profit greater than a normal profit. D) has a normal profit greater than an economic profit.
Which of the following was an argument for using fiscal policy in situations like the Great Recession?
A. Congress can act quickly. B. The size of a recessionary gap may require the use of both fiscal policy and monetary policy. C. Once the federal funds rate is reduced to zero, monetary policy is less effective. D. All of these responses are correct.
A security that pays the holder, should mortgage borrowers fail to repay their debts, is a
A. traditional, thirty-year fixed-rate mortgage. B. credit-default swap. C. pay-option adjustable-rate mortgage. D. thirty-year U.S. Treasury bond.
Regional Fed banks are responsible for all of the following except
A. Holding bank reserves. B. Providing loans to private banks. C. Providing currency for private banks. D. Cashing checks for large nonfinancial corporations.