An important effect of foreign currency speculators is that
a. they have consistently lost money and have left the market.
b. they have pushed exchange rates to wider extremes than most economists predicted.
c. they actually limit the volatility of exchange rate movements.
d. they have had no effect at all on exchange rate volatility.
c
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Arguably the simplest voting system is:
A. instant runoff voting. B. pair-wise majority voting. C. first-past-the-post voting. D. approval voting.
The difference in values between money today and money in the future is lower when the rate of interest is higher
a. True b. False Indicate whether the statement is true or false
Karl Marx and Friedrich Engels believed that after the capitalists were overthrown, eventually
A. the state would get stronger. B. the state would wither away. C. the capitalists would regain power. D. a fascist state would emerge.
The main purpose of the Fed is to:
A. maintain the proper functioning of our money system. B. regulate interest rates. C. print Federal Reserve Notes. D. regulate financial institutions.