In 2006, $1.00 U.S. purchased 1400 Korean Won and in 2010, it purchased 900 Korean Won. Therefore, 1,000 Korean Won was worth _____ U.S. in 2006 and _____ U.S. in 2010
a. $0.84; $1.09
b. $0.72; $1
c. $0.83; $1.12
d. $0.71; $1.11
d
You might also like to view...
Which of the following is classified as an asset for a commercial bank customer?
A) A car loan B) A commercial loan C) Demand deposits D) Deposits with the Federal Reserve
During periods of inflation who would tend to call for more taxes?
A. Liberals B. Conservatives C. Both liberals and conservatives D. Neither liberals nor conservatives
A decrease in the tax on capital income _______ the real interest rate and ________ investment and economic growth.
Fill in the blank(s) with the appropriate word(s).
In the market clearing model without government borrowing, the net effect of government on households is an increase in funds of:
a. transfer payments times taxes. b. taxes less transfer payments. c. transfer payments plus taxes. d. transfer payments less taxes.