Briefly describe the foreign exchange market.
What will be an ideal response?
The foreign exchange market is enormous in terms of volume of transactions. On an average day, more than $5.1 trillion in foreign currency might be traded in a market that operates 24 hours a day. Significant foreign exchange trading takes place in London, New York, Tokyo, Singapore, Frankfurt and Zurich, with London having by far the greatest percentage of transactions (the U.K. is home to roughly 37 percent of foreign exchange trades). In terms of currency, though, the U.S. dollar is one side of roughly 88 percent of currency transactions.
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The total cost curve generally has
A. slope values that first decrease and then increase rapidly. B. slope values that first increase rapidly and then decrease. C. increasing slope values. D. decreasing slope values.
The objective of creating value is the same as
A) maximizing shareholder value. B) maximizing profit. C) maximizing added value. D) all of these choices.
During the past several decades, foreign aid to sub-Saharan Africa
a. has been smaller than the aid to other regions, but the reduction in the extreme poverty rate has been larger in Africa than in other areas of the world. b. has been larger than the aid to other regions, but the reduction in the extreme poverty rate has been smaller in Africa than in other areas of the world. c. has declined and as a result the poverty rate in sub-Saharan Africa has risen sharply. d. has risen and, as a result, the poverty rate in sub-Saharan Africa has declined substantially.
Suppose a shipping company required all applicants to lift fifty-pound boxes on and off a truck for an hour to test their strength and endurance and suppose that resulted in 50-out-of-100 male applicants to be hired and 10-out-of-100 female applicants to be hired. If this test measured the performance required on the job, then this would be an example of
A. disparate treatment discrimination. B. comprehensive discrimination. C. adverse impact discrimination. D. statistical discrimination.