Exchanging dollars for euros to pay a computer manufacturer in Belgium would occur
A) in the foreign exchange market.
B) at the Federal Reserve.
C) at the European Central Bank.
D) in the letter of credit market.
A
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The development of human capital
A) is a form of investment. B) enhances economic growth, but the individuals acquiring the capital are not made better off themselves. C) does not appear to enhance economic growth. D) enhances economic growth, but it does not improve the productivity of the labor force.
If interest rates fall, the opportunity cost of spending money today rather than tomorrow
A. rises. B. falls. C. rises only if the prices of goods today rise. D. falls only if the prices of goods today fall.
The largest source of revenue for funding schools in the average US city is
a. federal income taxes b. state income taxes c. city property taxes d. state and city sales taxes
When Peter sells his Google common stock at the same time that Brian purchases the same amount of Google stock from another party, Google receives
A) the dollar value of the transaction. B) only the par value of the common stock. C) nothing. D) the dollar amount of the transaction, less brokerage fees.