Which of the following is an example of foreign direct investment in China?
A) Chinese Shenzen Airlines company buys a small U.S. midwest airline company, Air Chicago.
B) The bank of China purchases U.S. Treasury bonds.
C) A U.S. foreign exchange speculator buys $200,000 worth of the Chinese currency the yuan.
D) The U.S. company Walmart buys a warehouse in Shanghai.
E) U.S. auto entrepreneur Elon Musk buys stock in Alibaba Group Holding Limited of Hangzhou, China.
D
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Refer to Figure 9-5. Without the tariff in place, the United States consumes
A) 12 million pounds of coffee. B) 26 million pounds of coffee. C) 33 million pounds of coffee. D) 45 million pounds of coffee.
Suppose that the reserve ratio is 6%, and applies only to checkable deposits. A bank has non-checkable time deposits of $300 million, checkable deposits of $100 million, and reserves of $8 million. What are the excess reserves of this bank?
A. $5.6 million B. $6 million C. $2 million D. $2.4 million