The price of one currency in terms of another is the
A) price of gold.
B) price of a SDR.
C) foreign exchange rate.
D) price of foreign stock.
Answer: C) foreign exchange rate.
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In the model of the money supply process for M2, the relationship between checkable deposits and the M2 money supply is represented by
A) D = × M2. B) D = (1 + c + t + mm) × M2. C) M2 = × D. D) M2 = .
The advertisers' dilemma occurs in markets where advertising slightly increases the firm's sales quantity but:
A. it greatly decreases the sales of its competitors. B. it greatly increases the sales of its competitors. C. has no impact on the sales of its competitors. D. the costs of advertising is immense.
In the above figure, the line represented by the "1" is the
A) average fixed cost. B) marginal revenue. C) total cost. D) average total cost.
Retained earnings are
a. earnings of a company that are not paid out to stockholders. b. the amount of revenue a corporation receives for the sale of its products minus its costs of production as measured by its accountants. c. the single most important piece of information about a stock. d. computed by multiplying the dividend yield by the price of the stock.