Currency devaluation _______import consumers because______
a. Helps; imports are more expensive
b. Hurts; imports are more expensive
c. Helps; imports are less expensive
d. Hurts; imports are less expensive
b
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People demand money for all of the following reasons EXCEPT
A) it generates a rate of return. B) it is a medium of exchange to make payments. C) it is a store of value. D) it can meet unplanned expenditures.
If the inflation rate is 5 percent and the real rate of interest is 3 percent, the nominal interest rate is
A) 8 percent. B) 5 percent. C) 3 percent. D) 2 percent.
If the required reserve ratio was 1, the demand deposit expansion multiplier would be
A) 0. B) 1. C) 1.2. D) 5.
Ways to "game" the budgeting process include
a. delaying sales if just short of a target b. accelerating expenses if just short of a target c. delaying sales once a target is met d. delaying expenses costs once a target is met