________ is the process of determining terms of exchange by individual negotiations between a buyer and a seller

According to the interest parity condition, if the domestic interest rate is 12 percent and the foreign interest rate is 10 percent, then the expected ________ of the foreign currency must be ________ percent

A) appreciation; 4 B) appreciation; 2 C) depreciation; 2 D) depreciation; 4

In a sequential game, the first mover into a new market:

A. always earns a greater payoff than the second mover. B. may discourage the second mover from entering that market. C. only enters when there is a dominant strategy. D. guarantees that a Nash equilibrium will result.