The price of one currency in terms of another is called

Consumers are often bewildered by the different array of choices, plans and prices that are offered by cell phone service companies

Explain in terms of consumer surplus why this makes sense from both the company's perspective and that of the consumer.

Suppose checking deposits increase by $6,000 after all rounds of the money-creation process when the Fed buys $1,200 worth of U.S. government securities. This implies that the maximum value of the required reserve ratio is: a. 5

b. 0.75. c. 0.2. d. 1.2. e. 1.0.