A bilateral negotiation is a bargaining mechanism in which:
A) a third party or an authority intervenes and decides the prices of the products traded in a market.
B) a single seller and a single buyer confront one another with bids and asks.
C) multiple buyers bargain with a single seller to determine the trading price.
D) multiple sellers bargain with a single buyer to determine the trading price.
B
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If a foreign exchange speculator expects the spot rate of the dollar nine months from today to be lower than today's forward rate on the dollar for delivery in nine months, she may
A) buy dollars in the spot market nine months from today. B) sell dollars in the spot market nine months from today. C) sell dollars forward today and buy them in the spot market nine months from today. D) buy dollars forward today and resell them in the spot market nine months from today.
Both the precautionary and asset demand for money are influenced by
A) the U.S. Treasury. B) the interest rate. C) gold prices. D) none of the above.