Under the Bretton Woods system, international debts were settled in:

Which of the following displays these two characteristics: nonrivalry and excludability?

A) public goods B) private goods C) quasi-public goods D) common resources

Assume the current interest rate on a one-year bond is 7%, and the interest rate investors expect on the one-year bond one year from now is 3%

According to the expectations hypothesis, the current interest rate (per year) on a two-year bond should be A) 3%. B) 5%. C) 7%. D) 10%.