Under the Bretton Woods system of fixed exchange rates,
a. devaluations were frequent and small.
b. devaluations were usually unforeseen.
c. the IMF ensured that exchange rates were never changed.
d. speculators could profit from an attack on a weak currency.
d
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The financial intermediaries that the average person interacts with most frequently are
A) exchanges. B) over-the-counter markets. C) finance companies. D) banks.
What occurred during the Free Banking Era?
a. Currency varied widely from state to state. b. Repaying of loans was not closely monitored. c. The Second Bank of the United States was established. d. The dollar bill was introduced.
The firm's short-run supply curve begins at an output of
A. 30.
B. 45.
C. 60.
D. 65.
An example of foreign direct investment is the
A. domestic acquisition of less than 10 percent of a foreign company. B. purchase of livestock from abroad. C. sale of insurance in a foreign nation. D. foreign purchase of an entire domestic company.