Flexible, or floating, exchange rate is determined by the:
a. World Bank. b. forces of supply and demand.
c. price of gold. d. Federal Reserve.
b
You might also like to view...
"Empirical studies of economic growth are flawed because many of the truly important underlying determinants, such as culture and institutions, are very hard to measure."
Discuss this statement paying particular attention to simple cross-section data and panel data models. Use equations whenever possible to underscore your argument. What will be an ideal response?
If a business is run as a sole proprietorship,
a. it is not allowed to borrow money b. the financial liability of the owner is limited to the amount invested in the business c. all of the profits earned in the business flow to the proprietor d. at least two persons are involved in all management decisions e. it cannot hire nonfamily members to work in the business
The money supply curve is vertical if
A) banks and the Fed jointly determine the money supply. B) the Fed is able to completely determine the money supply. C) banks and households determine the money supply. D) households and the Fed jointly determine the money supply.
The farm employment in the United States amounted to about what percentage of the total employment in 2009?
A. Less than 2 percent B. About 8 percent C. About 15 percent D. Close to 20 percent