Stocks are a form of debt obligation

The imposition of an import quota shifts

a. the supply of currency right, so the exchange rate falls. b. the supply of currency left, so the exchange rate rises. c. the demand for currency right, so the exchange rate rises. d. the demand for currency left, so the exchange rate falls.

A precept is:

A. a proposition that is logically true based on the assumptions of a model. B. the application of models combined with judgment. C. a set of equations that define a model. D. a policy rule that concludes that a particular course of action is preferable.