The demand curve for a foreign currency in the foreign exchange market is ______.
a. downward sloping
b. perfectly horizontal
c. upward sloping
d. perfectly vertical
a. downward sloping
You might also like to view...
What environmental problem gets worse as income rises according to your text?
What will be an ideal response?
Which of the following economic decisions would most likely be studied by a macroeconomist?
A. Domino's Pizza decides to provide quantity discounts in order to increase revenue. B. A local entrepreneur decides to open a Waffle House in the local Walmart parking lot. C. The government of Estonia implements a flat rate personal income tax for all citizens. D. Prices for train fares rise as labor unions negotiate higher wage rates.
Explain why decreases in inventories are included as a negative number in gross private domestic investment
Which of the following statements is NOT true?
A. The supply of money decreases when the Federal Reserve Banks buy government securities from households or businesses. B. Excess reserves are the amount by which actual reserves exceed required reserves. C. Commercial banks increase the supply of money when they purchase government bonds from households or businesses. D. Commercial bank reserves are an asset to commercial banks but a liability to the Federal Reserve Banks.