What currency was the base, or center, currency in the ERM used in Europe during the 1980s and 1990s?
A) the French franc
B) the British pound
C) the German mark
D) the Italian lira
Ans: C) the German mark
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There is greater support for passive policymaking when
A) price flexibility is common. B) wage flexibility is common. C) pure competition is widespread. D) all of the above.
On January 2, 1971, all cigarette advertising was banned on U.S. television and radio stations. Did this ban likely increase or decrease the profits of cigarette companies in 1971? Briefly explain
What will be an ideal response?
The discount rate refers to the interest rate on
A) primary credit. B) secondary credit. C) seasonal credit. D) federal funds.
If the risk adjusted discount rate method and the certainty equivalent methods are to give the same results, then the certainty equivalent factor (at) must equal (where rf is the risk-free interest rate, and "k" is the risk adjusted cost of capi
) A) (1 + rf)t times (1 + k)t. B) (1 + k)t divided by (1 + rf)t. C) (1 + rf)t divided by (1 + k)t. D) (1 + k)t minus (1 + rf)t.