People over age 65 have higher poverty rates than those under age 18
Indicate whether the statement is true or false
F
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When a market is in equilibrium:
A. there is either excess demand or excess supply. B. there is neither excess demand nor excess supply. C. both excess demand and excess supply are positive. D. both excess demand and excess supply are positive and equal to each other.
When a lender refuses to make a loan, although borrowers are willing to pay the stated interest rate or even a higher rate, the bank is said to engage in
A) coercive bargaining. B) strategic holding out. C) credit rationing. D) collusive behavior.
From the U.S. perspective, a drop in the price of foreign exchange means that
a. fewer U.S. dollars are needed to purchase foreign currency b. more U.S. dollars are needed to purchase foreign currency c. worldwide, imports will become more expensive d. worldwide, exports will become cheaper e. transaction costs on international markets will decrease
Assume a U.S. investor buys a Mexican bond with a face value of MXP 1,000 and a 20 percent annual interest yield while the exchange rate is MXP 10 per dollar. What is the dollar return from the bond if the exchange rate at the end of the year is MXP 11 per dollar?
a. 9.1% b. 10.0% c. 18.2% d. 20.0% e. 32.0%