The Wall Street Journal publishes an exchange rate of US$/C$ = 0.714, where US$ represents the U.S. dollar and C$ represents the Canadian dollar. What does this mean?
a. The Canadian dollar price of one U.S. dollar is US$0.714.
b. The Canadian dollar price of one U.S. dollar is C$0.714.
c. The U.S. dollar price of one Canadian dollar is C$1.40.
d. The U.S. dollar price of one Canadian dollar is US$1.40
e. The U.S. dollar price of one Canadian dollar is US$0.714.
e
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In the above figure, if the economy is at point A, which of the following is TRUE?
A) There is a recessionary gap. B) There is an inflationary gap. C) Point A is the long-run equilibrium point. D) None of the above answers are correct.
In an effort to clean up the amount of sulfates introduced into the atmosphere the government has ruled that all polluters install smoke stack scrubbers on their smoke stacks and mandated a pollution limit on the amount of sulfates per parts of air
that may be legally emitted into the atmosphere. Suppose some of the polluters have found a more efficient way to eliminate the pollution. How will this discovery change the amount of sulfates emitted into the atmosphere?
The country in which two of the categories of banks are clearing banks and merchant banks is
A) the United Kingdom. B) the United States. C) Japan. D) Germany.
Suppose we have an economy in which G = 1100, t = 0.26, Y = 3800, and YN = 4000. The natural employment deficit is
A) 60. B) 200. C) 840. D) 286. E) -112.