When banks involved in trading activities attempt to outguess markets, they are
A) forecasting.
B) diversifying.
C) speculating.
D) engaging in riskless arbitrage.
C
Economics
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Suppose that Year 2 is the base year. The CPI for Year 1 is approximately
A) 80.0. B) 90.0. C) 100.0. D) 120.0.
Economics
A market is in equilibrium when
A) supply is equal to demand. B) the price is adjusting upward. C) the quantity supplied is equal to the quantity demanded. D) tastes and preference remain constant.
Economics