The rate at which two currencies trade for each other is called the
A. exchange rate.
B. price.
C. cost.
D. revenue.
A. exchange rate.
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For how long must most hedge fund investors wait before withdrawing funds?
A) 1 to 3 days B) 1 to 3 weeks C) 1 to 3 months D) 1 to 3 years
Use the following statements to answer this question: I. Corporate paper rates are typically less than one percent higher than Treasury bill rates. II. Treasury bill rates may be viewed a short-term, risk-free rates
A) I and II are true. B) I is true and II is false C) II is true and I is false D) I and II are false
The law of increasing opportunity costs is a result of the fact that:
A) the value of the dollar has declined over time. B) wage rates rise as the economy reaches full employment. C) consumers tend to value a good more when they don't have much of it. D) resources are not equally productive in all output categories.
The reduction of the inflation rate is called
A. unflation. B. disinflation. C. deflation. D. reflation.