If an American can purchase 40,000 British pounds for $90,000, the dollar rate of exchange for the pound is:
A. $0.44
B. $0.23
C. $2.25
D. $2.00
C. $2.25
You might also like to view...
You own two different energy drink brands: "Blue Cow" and "600 minute energy.". If you reduce the price on "Blue Cow", sales of "600 minute energy" would
a. Increase b. Decrease c. Not change d. None of the above
The money supply falls from $900 billion to $850 billion. According to the simple quantity theory of money, the price level will ___________ by __________ percent.
A. rise; 5.6 B. fall; 5.6 C. rise; 6.2 D. fall; 6.2
Why does core inflation not include energy or food prices?
What will be an ideal response?
Consider the demand function Qd = 150 - 2P. The effects of other determinants of Qd is reflected in
A) the intercept of the function. B) the slope of the function. C) neither the slope nor the intercept of the function. D) in both the slope and the intercept of the function.