If 40 Russian rubles = $1 U.S.,
A. 1 ruble = $.025
B. 1 U.S. cent = 4 rubles
C. 40 U.S. cents = 100 rubles
D. $4 = 120 rubles
A. 1 ruble = $.025
Economics
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The monetary base minus currency in circulation equals
A) reserves. B) the borrowed base. C) the nonborrowed base. D) discount loans.
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A large increase in Micromania's exports to other countries will cause, ceteris paribus, Micromania's currency to appreciate
Indicate whether the statement is true or false
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