The Argentinian crisis of 2001 was brought about by:
A. exchange rate crisis.
B. debt crisis.
C. excessive loss of national resources.
D. None of these statements is true.
Answer: B
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In order for any given commodity to be considered money, it has to
A) be issued and controlled by some governmental institution. B) have some intrinsic value. C) be generally acceptable as a means of payment. D) be used in barter transactions. E) be convertible into gold or silver.
Kanye opens a savings account with $5,000. The account pays 7% interest compounded annually. Kanye deposits $100 every month. How much money will be in the account after five years?
a. $14,247.42 b. $10,157.64 c. $16,516.62 d. $8,317.13
The ratio of exports to GDP in the United States is small relative to that of other countries.
Answer the following statement true (T) or false (F)
The behavior of the Federal Reserve concerning interest rates is called fiscal policy.
Answer the following statement true (T) or false (F)