Most of the Fed's liabilities are in the form of:
a. Federal Reserve notes.
b. checkable deposits
c. U.S. Treasury deposits.
d. loans to member banks.
e. certificates of deposit.
a
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If inflation in country A exceeds inflation in country B, purchasing power parity implies that:
A. the inflation rate in country B will rise to match the inflation rate in country A. B. the inflation rate in country A will fall to match the inflation rate in country B. C. the currency of country A will depreciate relative to the currency of country B. D. the currency of country B should depreciate relative to the currency of country A.
Which of the following could be responsible for the depreciation of a country's currency?
A. The country expands its tourist industry. B. The country experiences a sudden drop in the rate of inflation while other nations do not. C. Speculators anticipate economic growth in that nation. D. The country defaults on bonds held by foreigners.