European households wishing to purchase shares of stock in an American company are ________ the foreign exchange market.
A. demanders of Euros in
B. suppliers of U.S. dollars in
C. demanders of U.S. dollars in
D. supplied dollars by the European Central Bank for use in
Answer: C
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Risk that is related to the uncertainty about interest rate movements is called
A) default risk. B) interest-rate risk. C) the problem of moral hazard. D) security risk.
The MFC can be calculated by the
A) change in total wages/change in labor. B) total wages/total labor. C) change in labor/change in total wages. D) total wages/change in labor.
The International Monetary Fund
A. is a multinational organization that aims to promote world economic growth through more financial stability. B. is the bank that causes international financial crisis when the reserves are too high. C. is a central bank like the Federal Reserve System. D. is a multinational agency that specializes in making loans to promote long-term development and growth in developing countries.
When a production quota is used to remedy the problem of the commons, then
A) the production quota is set so that use of the resource is where marginal private benefit equals marginal private cost. B) the production quota is set so that use of the resource is where marginal social benefit equals marginal private cost. C) the market equilibrium, but not the efficient outcome, is achieved. D) all users of the resource have an incentive to cheat on the quota quantity.