Official reserves used to achieve a balance of payments between nations engaging in international trade are held by:
A. Private businesses engaging in trade
B. Central banks of the nations engaged in trade
C. Commercial banks which make loans to businesses engaging in trade
D. Commercial banks which make loans to governments which engage in trade
B. Central banks of the nations engaged in trade
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An option that gives the owner the right to sell a financial instrument at the exercise price within a specified period of time is a
A) call option. B) put option. C) American option. D) European option.
Assuming a 5-percent decrease in both the nominal (money) wage and 5-percent increase in the price level in the classical model, then
a. both the quantity supplied and demanded of labor will increase. b. the quantity supplied of labor will increase and the quantity demanded of labor will decrease. c. both the quantity supplied and demanded of labor will decrease. d. the quantity of labor supplied and demanded would remain constant.