If Greece chose to abandon the euro and the Greek government decided to exchange euro bank deposits for drachmas, the affected bank depositors would suffer losses if the
A) euro then appreciated.
B) euro then depreciated.
C) drachma then appreciated.
D) drachma then depreciated.
D
You might also like to view...
If a person's nominal income increases by 5% while the price level increases by 2%, then that person's real income
A. increases by 3%. B. decreases by 2%. C. decreases by 7%. D. increases by 5%.
Cooperative equilibriums:
A. are impossible to reach in real life. B. never occur unless players act in their own self-interest. C. never result in positive-positive outcomes. D. can arise if a game is repeated.
When what people pay does not necessarily reflect the real value they put on a good, it is likely that the:
A. free rider problem does not exist. B. good will be undersupplied. C. good is easily excludable. D. not a socially desirable good.
One of the keys to reducing poverty is
A. Increased population growth. B. The redistribution of existing incomes. C. Increased economic growth. D. Government control of resources.