Which of the following statements is true of Black Wednesday?
A) Following Black Wednesday, the British pound became less valuable relative to the German mark.
B) Currency traders who had borrowed pounds to buy German marks incurred huge losses due to Black Wednesday.
C) The British government earned enormous profits by selling foreign currency reserves following Black Wednesday.
D) Following Black Wednesday, the British pound became more valuable relative to the German mark.
A
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Food stamps are ______
a. financed by the federal government but administered by the states b. financed by the federal government and the states and administered by the states c. financed by the federal government and the states and administered by localities d. financed by the states but administered by the counties
When a foreign company engages in riskier behavior after it has received international investment funds, it is known as
A) portfolio investment. B) moral hazard. C) foreign direct investment. D) adverse selection.
The most heavily traded category of goods in the world is:
a. office and telecom equipment. b. chemicals. c. iron and steel. d. textiles. e. crude petroleum.
What word describes the money that a business pays for its inputs?
A. Production B. Cost C. Output D. Revenue