If the U.S. dollar depreciates, it means that
a. the value of the U.S. dollar has increased.
b. the value of foreign exchange has decreased.
c. fewer U.S. dollars are required to purchase foreign exchange.
d. more U.S. dollars are required to purchase foreign exchange.
e. exports will immediately fall.
D
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The Federal Reserve System provides banking services to ________ because ________
A) consumers and businesses; it is a central bank with responsibilities to the entire U.S. population B) banks and businesses; it is a central bank with the primary purpose of regulating financial institutions and markets C) commercial banks; it is a central bank with the primary purpose of regulating financial institutions and markets D) no one; it is a central bank with the primary purpose of regulating financial markets E) FDIC insured banks; they are the ones that have paid their membership fees and the only ones the U.S. central bank guarantees
Refer to the scenario above. If Alice values fairness, ________
A) she will not accept any offer made by Robert B) Robert should make the lowest possible offer to Alice C) she will accept the offer when Robert offers $250 D) Robert should not play the game