The supply of Thai baht in the foreign exchange market originates with:
a. tourists who go on vacation to Thailand.
b. the export of Thailand oranges and other goods.
c. Thai residents who wish to purchase goods from other countries.
d. the Thai royal family.
e. Thai central bank intervention to stop the peseta from depreciating.
c
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Which of the following are primary functions of a central bank?
I. act as a regulator of banks II. issue government bonds III. set monetary policy IV. regulate dividend payments by corporations A) I, II, III, and IV B) I, II, and III C) I and III D) I and II
Suppose a drought resulted in a major reduction in the California lettuce crop. In the market for lettuce
A) the supply curve shifted to the left resulting in an increase in the equilibrium price. B) the supply curve shifted to the left resulting in a decrease in the equilibrium price. C) the demand curve shifted to the right resulting in an increase in the equilibrium price. D) the demand curve shifted to the left resulting in a decrease in the equilibrium price.