How many directors are on the boards for each of the 12 Federal Reserve banks?
(A) 12
(B) 7
(C) 15
(D) 9
Answer: (D) 9
Economics
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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 $1.24, then the expected dollar return on euro deposits is:
a. 4% b. 7.1% c. 0.71% d. 0.129%
Economics
Define an efficient market
What will be an ideal response?
Economics