If a European importer can buy $10,000 for 11,100 euros, the exchange rate for the euro is:
A. 1 euro = $0.80
B. 1 euro = $0.90
C. 1 euro = $0.95
D. 1 euro = $1.11
B. 1 euro = $0.90
You might also like to view...
The more substitutable current consumption is with future consumption, the more likely it is that an increase in the interest rate will cause an increase in savings.
Answer the following statement true (T) or false (F)
Frequently, in the short run, the quantity supplied of a good is
a. impossible, or nearly impossible, to measure. b. not very responsive to price changes. c. determined by the quantity demanded of the good. d. determined by psychological forces and other non-economic forces.
An open market purchase is where the Fed
What will be an ideal response?
When the Mexican peso gets "stronger" relative to the dollar,
a. the U.S. trade deficit with Mexico rises. b. the U.S. trade deficit with Mexico falls. c. the U.S. trade deficit with Mexico is unchanged. d. None of the above necessarily happens.