If a country has a floating exchange rate, it means their currency:
A. is set by the government.
B. can be freely traded and their value is determined by the market.
C. has a value determined by the market for loanable funds.
D. All of these statements are true.
Answer: B
Economics
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In larger markets, the quest for profit by firms motivates them to be innovative and produce new and more appealing products
Indicate whether the statement is true or false
Economics
If Jin-Ho buys a personal computer to maintain household financial records and prepare budgets, he
a. will spend less time in nonmarket work b. will spend more time engaged in leisure activities c. will increase the productivity of market work d. is less likely to hire tax preparation services on the market e. is less likely to prepare his own income tax returns at home
Economics