The effective exchange rate:
a. Is a measure of the weighted-average value of a nation's currency in terms of a basket of other currencies.
b. Is needed to translate prices of one currency into prices of another currency.
c. Reflects the price of one currency in terms of another currency.
d. Takes historic inflation rates into account.
.A
Economics
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The income per capita of a country with a population of 50,000 is $4,500. Its gross domestic product is ________
A) $54,500 B) $900,000 C) $225,000,000 D) $120,000,000
Economics
An important hindrance to developing countries in carrying out monetary policy is that they
a. usually lack central banks b. are usually unable to issue their own currency c. are unable to borrow money d. usually lack effective bond markets e. all of the above
Economics