Floating exchange rates are market determined, that is, supply and demand for foreign exchange sets the rate in the foreign exchange market
Indicate whether the statement is true or false
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The purchase of less than 10 percent of the shares of ownership in a foreign company is referred to as a
A) negligible investment. B) foreign indirect investment. C) foreign direct investment. D) portfolio investment.
A competitive market is one:
A) that operates with little or no government control. B) where almost all exchanges take place involuntarily. C) that has price controls imposed by a ruling authority. D) where determination of equilibrium quantity need not rely on the forces of demand and supply.
If a variable moves in the opposite direction from real GDP and other measures of aggregate economic activity, it is a ________ variable
A) procyclical B) countercyclical C) coincidental D) recessionary
The voting system for most elections in the United States is called:
A. pair-wise majority voting. B. first-past-the-post voting. C. approval voting. D. instant runoff voting.