Which of the following correctly ranks the size of the three largest foreign currency trading centers in dollar volume?

a. 1-Paris; 2-Miami; 3-London
b. 1-New York; 2-Rome; 3-Chicago
c. 1-London; 2-New York; 3-Tokyo
d. 1-Tokyo; 2-Los Angeles; 3-Paris

Ans: c. 1-London; 2-New York; 3-Tokyo

Economics

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Rent controls unintentionally create

A) scarcity of rental units. B) surpluses of rental units. C) shortages of rental units. D) market-clearing outcomes in the apartment rental market.

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If the CPI in 2004 is 200, and in 2005 the CPI is 180, the rate of inflation from 2004 to 2005 is

A) 20%. B) 10%. C) 0%. D) -10%.

Economics