In which of the following markets are buyers likely to have private information?
A) The market for used cars
B) The market for fresh fruits and vegetables
C) The market for banking services
D) The market for health insurance
D
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Interest rate parity occurs when
A) interest rates are equal across nations. B) interest rate differentials are always maintained across nations. C) interest rates no longer affect the exchange rate. D) prices are equal across nations when exchange rates are taken into account. E) the interest rate in one currency equals the interest rate in another currency when exchange rate changes are taken into account. The figure above shows the demand curve for dollars in the foreign exchange market.
When real GDP increases, the demand for money
A) increases. B) decreases. C) stays the same. D) we cannot make a prediction without additional information.