The market in which the currencies of different countries are exchanged is called the

A) money market.
B) capital market.
C) foreign exchange market.
D) loanable funds market.


C

Economics

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In a three-player game, each player must have three choices

Indicate whether the statement is true or false

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What two key factors trigger speculative attacks leading to currency cries in emerging market countries?

What will be an ideal response?

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If a profit-maximizing firm’s fixed cost of producing widgets falls,

A. its total cost curve is unaffected. B. its marginal cost curve shifts down. C. the firm will produce more widgets. D. the firm’s average profit per widget produced rises.

Economics

The inability to monitor the risky behaviors of people creates the ______.

a. moral hazard b. lemon problem c. tragedy of the commons d. adverse selection

Economics