Foreign exchange means
a. changing dollars into foreign currency
b. domestic currency held to finance international trade
c. foreign currency
d. trade between governments
e. trade between individuals in different countries
C
Economics
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Easy entry and exit ensure that perfectly competitive firms cannot make a long-run economic profit
Indicate whether the statement is true or false
Economics
If a person uses money to buy a pair of shoes, money is functioning as
A) a unit of account. B) a store of value. C) a medium of exchange. D) none of the above
Economics