What are terms of trade?
What will be an ideal response?
Terms of trade refers to the ratio at which a country can trade its exports for imports from other countries.
Economics
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If the exchange rate between the Russian ruble and the U.S. dollar is 33.3 rubles for $1, then how much is each ruble worth in U.S. dollars?
a) $0.03 b) $0.30 c) $0.33 d) $33.3
Economics
The money market rate observed most closely by the Open Market Account Manager is the
A) Treasury bill rate. B) commercial paper rate. C) discount rate. D) federal funds rate.
Economics