The exchange rate is the
A. Balance-of-trade ratio of one country to another.
B. Opportunity cost at which goods are produced domestically.
C. Amount of currency that can be purchased with one ounce of gold.
D. Price of one country's currency expressed in terms of another country's currency.
Answer: D
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Because investment, consumption expenditure, and net exports are interest-sensitive components of expenditure, a ________ in the federal funds rate brings ________ in ________
A) fall; a decrease; aggregate supply B) rise; an increase; aggregate supply C) fall; an increase; aggregate demand D) rise; an increase; aggregate demand E) fall; a decrease; aggregate demand
The legal responsibility for losses incurred by a proprietorship falls upon the
A) stockholders. B) partners. C) owner. D) creditors.