The $/€ bid rate is the:
a. Inverse of €/$ ask rate
b. Inverse of €/$ bid rate
c. Inverse of $/€ ask rate
d. Equal to the €/$ ask rate
e. Equal to the €/$ bid rate
.A
Economics
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A price discriminating firm will tend to charge a ________ price for the category of customer with the ________ elasticity of demand
A) higher; higher B) higher; lower C) lower; lower D) 100 percent markup; infinite
Economics
If an industry's long-run per-unit costs decrease as its output increases then
A) the firm's long-run economic profits must be less than zero. B) the firm is most likely a decreasing-cost industry. C) the firm is most likely an increasing-cost industry. D) the firm is most likely a constant-cost industry.
Economics