Which of the following is true of international reserve currencies?
a. They are used for international exchange of goods and services.
b. They are used to settle international debt.
c. They are used for international bookkeeping.
d. They are held for government investment abroad.
e. They are created for international stock market trading.
b
Economics
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Under perfect capital mobility and flexible exchange rates, monetary policy works through the
a. interest rate. b. exchange rate. c. exports. d. Both b and c e. None of the above
Economics
The health services market differs from many others in that, because of insurance, the consumer often pays only a fraction of the direct cost of care
a. True b. False Indicate whether the statement is true or false
Economics