The price of one nation's currency in terms of the currency of another nation is called the
A) IMF rate.
B) fed funds ratio.
C) exchange rate.
D) discount rate.
Answer: C
You might also like to view...
For the Coase theorem to work there must be clear assignment of property rights
Indicate whether the statement is true or false
In game theory, we usually assume that all players
A) act rationally. B) use the information available to them to decide on a best strategy. C) know about the payoffs of the other players. D) All of the above.
A deficit country, like Argentina in 2001, must follow restrictive monetary and fiscal policy in order to maintain a fixed exchange rate
a. True b. False Indicate whether the statement is true or false
If the AS curve is vertical, then it follows that
A) Real GDP changes will always arise from the supply side of the economy. B) Real GDP changes will always arise from the demand side of the economy. C) Price level changes will always arise from the demand side of the economy. D) Price level changes will always arise from the supply side of the economy. E) a and c