Which exchange rate is determined in international currency exchange markets?
a) Fixed exchange rate
b) Floating or flexible exchange rate
c) Pegged exchange rate
d) Prime exchange rate
Ans: b) Floating or flexible exchange rate
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If the exchange rate changes from 1.00 euro per dollar to 1.10 euro per dollar, the dollar has
A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.
Is the following quote correct? "Here's the law of demand in a nutshell: The higher the price, the lower the demand."
A) Yes, it is totally correct. B) No. It would be correct if it were to also say "other things constant." C) No, because it confuses demand and quantity demanded. D) No, because the law of demand does not apply to nutshells.
What are the three ways that the government redistributes income in the United States? Briefly discuss each
What will be an ideal response?
The linear breakeven model excludes ____ from the analysis
a. financing costs b. taxes c. contribution margin d. a and b only e. a, b, and c