Buyers and sellers in the foreign exchange market negotiate an exchange of
A. foreign banks.
B. foreign stocks.
C. foreign government bonds.
D. currencies of various countries.
Answer: D
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When a customer takes out a loan from a bank, this loan is:
a) a liability for the bank. b) savings for the bank. c) a loss for the bank. d) an asset for the bank.
Answer the following statements true (T) or false (F)
1. The recently enacted health-care reform package (or the Patient Protection and Affordable Care Act) focuses solely on controlling health care costs. 2. Medicare is the nationwide Federal health care program available to Social Security beneficiaries and the disabled. 3. Health care expenditures as a percentage of GDP are lower in the United States than in Germany, France, or Canada. 4. In recent decades, health care expenditures in the U.S. have been rising in absolute terms, but falling as a percentage of GDP. 5. Rising health care costs have contributed to slower growth in real wages of workers.