The smaller and less liquid markets and currency markets frequently demonstrate behaviors that follow the principles outlined by the different schools of thought on exchange rate determination
parity conditions, balance of payments approach, and asset approach) relatively well in the medium to long term.
Indicate whether the statement is true or false.
Answer: FALSE
You might also like to view...
Jerry Brown was camping on a lake. He met an old man, Edgar Kettle, who owned two acres of land fronting on the lake. Mr. Brown knows that the value of the lakefront property in this area is around $30,000 an acre
He offers Kettles $18,000 for his land. Kettle says, "No, Mr. Prime Minister, I can't accept that. I'll take $12,000." Brown knows it is a great deal. He comes back that day with a contract of sale and Mr. Kettle signs. In fact, Mr. Kettle suffers from senile dementia. As soon as Mr. Kettle's children find out about the deal, they attempt to cancel it. Will they succeed? A) No. No one told Brown that Kettle was suffering from a mental illness. B) Yes. It should have been apparent to Brown that Kettle was mentally incompetent. C) No. It was a bad deal for Kettle but the courts don't protect parties from their own stupidity. D) No. Only Mr. Kettle himself can cancel the contract. E) No. Kettle was of sound mind, not mentally incompetent.
Which of the following variables in the marketing mix is the easiest to change rapidly?
A) promotion B) place C) price D) product