Assume that the U.S. interest rate is 5%, the European interest rate is 2%, and the future expected exchange rate in one year is $1.224. If the spot rate is $1.16, then the expected dollar return on euro deposits is:

What are depository institutions?

What will be an ideal response?

Eric lost his job because a recession caused his employer's sales to fall. This is an example of:

A. involuntary unemployment. B. frictional unemployment. C. structural unemployment. D. cyclical unemployment.