Large commercial banks are considered to be market makers because:
A) without them, there would be no foreign exchange market
B) they can easily manipulate the value of currencies in the foreign exchange market
C) they are willing to buy and sell major currencies at any time
D) they created the foreign exchange market
A
You might also like to view...
A single-price monopoly faces a linear demand curve. If the marginal revenue for the second unit is $20, then the marginal revenue for the
A) first unit is less than $20. B) third unit is less than $20. C) third unit is more than $20. D) third unit is also $20. E) more information is needed to determine if the marginal revenue for the third unit is more than, less than, or equal to $20.
In recent years, economists have come to rely more on the establishment survey rather than the household survey to analyze current labor market statistics
Indicate whether the statement is true or false
Keynesian economists believe that
a. the velocity of money is stable b. changes in the money supply do not affect output c. there is a one-to-one correspondence between M and P in the equation of exchange d. the velocity of money is predictable e. the velocity of money is affected by changes in expectations
The demand for a textbook written by Schwarz and Mobley is Q = 20,000 ? 50P; supply is Q = 2,000 + 100P. Students complain about the high price of textbooks, resulting in a price ceiling and, unfortunately, a shortage of texts. Below what price will shortages occur?