When we demand Mexican pesos, the price we pay for those pesos is the:
A. exchange rate.
B. interest rate.
C. savings rate.
D. prime rate.
A. exchange rate.
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If you overhear a group of people talking about their plans to save for their retirement and one of them says that it causes them to save less and the other says they will save more, you would conclude
A. that both are rational, they just have different perspectives. B. the person decreasing saving is rational and the other is irrational. C. the person increasing saving is rational and the other is irrational. D. neither are rational, Social Security affects no one's saving.
If the Fed's policy reaction function equals r = .02 + p, where r is the real interest rate, p is the inflation rate. When the inflation rate is zero, then the real interest rate will:
A. set to equal 2%. B. set equal zero too. C. set to equal 4% D. be below the target value for the real interest rate.
Which of the following is an example of a financial intermediary?
A. Banks. B. The U.S. Treasury. C. The S&P 500. D. The department of finance.
A local restaurant offers an "all you can eat" Sunday brunch for $12. Susan eats four servings but leaves half of a fifth helping uneaten. Why?
What will be an ideal response?