There is an exchange rate between
a. every pair of currencies.
b. the world's major currencies but not between the currencies of less-developed countries.
c. currencies on a fixed-exchange rate system but not for those on a floating-rate system.
d. the currencies of the European Union but not for the nations outside the European Union.
a
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From the mainstream perspective, instability in the economy is due to
A. volatility of the labor supply. B. excessive use of government policies and regulation. C. volatility of the money supply. D. volatility of aggregate demand.
The derived demand for an input decreases when
A. the price of the input increases. B. the price of the output increases. C. the price of the input decreases. D. the price of the output decreases.
Holding all else constant, an economic expansion in Mexico should decrease the demand for U.S. dollars
Indicate whether the statement is true or false
When the U.S. dollar depreciates in relation to the Swiss franc:
a. a U.S. importer will need more dollars to pay for an invoice denominated in Swiss francs. b. a Swiss exporter will receive more Swiss francs for an invoice denominated in the exporter's currency. c. Swiss imports of U.S. goods will fall. d. the Swiss franc is now worth less in terms of the U.S. dollar. e. a U.S. exporter will receive fewer dollars for an invoice denominated in Swiss francs.