Prior to the North American Free Trade Agreement in 2003, the total trade between NAFTA countries was ___________. Today that number is increased to over $1 trillion in 2015.

The costs associated with the issuance of debt, or flotation costs, are generally of secondary consideration and are typically ignored in cost of debt estimates

Indicate whether the statement is true or false

A worrisome outcome of chronic inflation is that it tends to ________

A) erode confidence in a country's currency B) give central banking officials excessive flexibility to manage monetary policy C) increase the real income of people, thereby inflating their spending and borrowing levels D) lower consumer demand for foreign goods, which triggers lower prices and eventually lower employment