Equilibrium is defined as a situation in which
A) neither buyers nor sellers want to change their behavior.
B) no government regulations exist.
C) demand curves are perfectly horizontal.
D) suppliers will supply any amount that buyers wish to buy.
A
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Exchange rate transactions that involve the exchange of bank deposits at some specified date in the future are known as ________
A) backward transactions B) dog transactions C) sport transactions D) forward transactions
Which of the following properties must a good have to be used as money?
A) It should be a durable good. B) It should be issued by a government of central bank. C) It should have intrinsic value. D) It should be shiny.
Stabilization policy often faces a trade-off between inflation and unemployment.
Answer the following statement true (T) or false (F)
The foreign exchange rate refers to
A. the price at which purchases and sales of foreign goods take place. B. exports minus imports. C. the amount of one currency that must be paid to obtain one unit of another currency. D. the ratio of exports to imports.