The spot market for foreign exchange is( are):
a. a market that exists only in one place at one time.
b. when a person borrows to speculate in the market.
c. purchases and sales of currencies for immediate delivery.
d. the rate of exchange quoted during the next business day.
Ans: c. purchases and sales of currencies for immediate delivery.
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Why are some insurance companies interested in programs for nationwide disaster insurance for floods, earthquakes, and hurricanes?
What will be an ideal response?
Suppose that monetary neutrality holds. Of the following variables, which ones do not change when the money supply increases?
a. real interest rates b. inflation c. the price level d. real output e. real wages f. nominal wages
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.
________ is a repeated game strategy in which a player responds in kind to an opponent's play.
A. Tit-for-tat B. Maximin C. Prisoners' dilemma D. Price leadership