Which of the following would cause an increase in the demand for U.S. dollars?
a. an interest rate cut in the United States
b. an interest rate cut in Europe
c. an interest rate increase in Europe
d. a recession in Europe
b
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What is a problem with barter that makes it so difficult to use?
A) Individuals have to produce something to trade with. B) Barter omits the store of value role for money. C) Barter requires use of only fiat money. D) Barter requires a double coincidence of wants. E) Barter is very efficient but illegal because it avoids taxation.
Conflicts can arise between divisions because
a. some activities across divisions benefit from coordination b. managers of profit centers care too little about the effects of their decisions on other divisions c. managers are rewarded only for how well their own division is run d. all of the above