In which of the following transactions is one currency swapped for another on one date and then swapped back on a future date?
A) reverse transaction
B) spot transaction
C) FX swap
D) outright forward transaction
C) FX swap
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What is the relationship between individual supply and market supply?
What will be an ideal response?
If the economy is on the LM curve, but is to the right of the IS curve, aggregate output will ________ and the interest rate will ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
Karl Marx believed in which of the following?
A. Controlling political power was more important than controlling the ownership of capital with respect to dominating a society. B. In capitalist societies, a business owner makes huge profits by raising workers wages. C. Whoever controlled a society's labor supply controlled that society. D. Inevitably there would be a clash between capitalists and workers.
Gross domestic product (GDP) is the total market value of the final goods and services produced by an economy in a one-year period.
Answer the following statement true (T) or false (F)