The market in which households, firms and governments buy and sell national currencies is known as
A) the foreign exchange market.
B) standard drawing rights.
C) the exchange rate.
D) flexible exchange rates.
Answer: A
Economics
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Equity instruments are traded in the ________ market
A) money B) bond C) capital D) commodities
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The rate of interest written on a contract between a borrower and a lender is the
a. nominal interest rate. b. real interest rate. c. implied interest rate. d. expected interest rate.
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If T represents the size of the tax on a good and Q represents the quantity of the good that is sold, total tax revenue received by government can be expressed as
a. T/Q. b. T+Q. c. TxQ. d. (TxQ)/Q.
Economics
Refer to the accompanying figure.
This firm's marginal revenue curve would intersect the vertical axis at ________.
A. $20 B. $0 C. $35 D. $70
Economics