What are federally chartered banks called?
A) federal banks
B) Federal Reserve banks
C) national banks
D) central banks
C
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If a euro costs $1.25 today, and it costs $1.50 tomorrow, what has happened to the dollar-euro exchange rate?
a. Both the dollar and euro have depreciated. b. The dollar has appreciated and the euro has depreciated. c. The dollar has depreciated and the euro has appreciated. d. Both the dollar and euro have appreciated
The demand for money curve is drawn with
A) the interest rate on the vertical axis and the curve sloping down. B) the interest rate on the vertical axis and the curve sloping up. C) nominal Gross Domestic Product (GDP) on the vertical axis and the curve sloping up. D) nominal Gross Domestic Product (GDP) on the horizontal axis and the curve sloping down.