The majority of transactions in foreign exchange markets involve ________
A) transactions one the New York Stock Exchange
B) exchanging one set of physical notes for another
C) exchanging bank deposits denominated in different currencies
D) buying and selling Treasury securities
C
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Any action that gives rise to a demand for foreign currency is a
A) deficit item on the current, financial, or capital account. B) deficit item on the current account and a surplus item on the financial and capital accounts. C) surplus item on the current account and a deficit item on the capital and financial accounts. D) surplus item on the current, financial, or capital account.
For a firm to maximize total profits through price discrimination, it should
a. Firms should charge a low price to high-value consumers and a high price to low-value consumers b. Firms should charge a high price to high-value consumers and a high price to low-value consumers c. Firms should charge a low price to high-value consumers and a low price to low-value consumers d. Firms should charge a high price to high-value consumers and a low price to low-value consumers
Which of the following statements about the economic concept of land is not true?
a. Land includes forests, minerals, and other natural resources. b. Countries that are rich in natural resources are not always successful in exploiting these resources to produce goods and services. c. Land can be combined with labor and capital to produce goods and services. d. Abundant natural resources are necessary for economic growth. e. Countries that lack natural resources need not be characterized by limited economic growth.
The key variable in monetarism is the velocity of money.
Answer the following statement true (T) or false (F)