On May 12, 2011 the U.S. dollar was worth 0.70 euros. How many dollars did it take to buy one euro?
a. 0.70
b. 1.43
c. 1.70
d. 2.70
b
Economics
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Which of the following inputs is most likely to be "fixed" in the short run?
A) Labor. B) Capital. C) Energy. D) Raw Material.
Economics
When the Federal Reserve wishes to, in the short run, increase real GDP, it
A. will increase the money supply by selling bonds. B. will increase the money supply by buying bonds. C. will decrease the money supply by selling bonds. D. has no policy options that will accomplish this.
Economics