The most common reason for exchanging one currency for another is
A. to purchase goods produced in another country.
B. to purchase stocks and bonds in another country.
C. to engage in fixed capital investment in another country.
D. to engage in currency speculation.
Answer: A
You might also like to view...
Vicarious consumption refers to the notion that
a. individuals have a sense of obligation to preserve the environment for future generations b. people gain utility knowing that others receive gains from an environmental good c. individuals gain from directly consuming the services generated by an environmental resource d. natural resources have intrinsic value e. none of the above
What is the relationship between price and marginal revenue for firms in perfect competition? Explain
What will be an ideal response?
The Social Security and Medicare programs have been a failure in terms of reducing poverty among elderly U.S. citizens
Indicate whether the statement is true or false
Parity pricing was introduced into agricultural markets in order for farmers to
a. keep prices low for consumers b. stop producing such large surpluses year in and year out c. earn a standard of living that was similar to that enjoyed by nonfarm workers d. produce surpluses that could be shipped to developing countries experiencing famine e. enjoy high profits during the Great Depression