The exchange rate is the price at which the ________ of one country exchanges for the ________ of another country
A) currency; goods
B) goods; goods
C) currency; currency
D) currency; financial instruments
C
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The third stage in the regulatory process is
A) a crisis. B) response by the financial system. C) regulation. D) regulatory response.
The demand curve for bonds would be shifted to the left by
A) an increase in expected returns on other assets. B) a decrease in the information costs of bonds relative to other assets. C) a decrease in expected inflation. D) an increase in the liquidity of bonds relative to other assets.
When we say the cost of living has gone up, we mean that, looking broadly over a range of goods and services:
A. a dollar buys less today than it used to buy. B. a dollar buys more today than it used to buy. C. a dollar buys the same today as it used to buy. D. our income has increased to match the cost of those goods.
A tax levied on imported goods is called
a. an excise tax. b. a quota. c. a foreign profits tax. d. a tariff.