The WTO
A) is an affiliate of the World Bank.
B) is an organization created to oversee NAFTA.
C) was established to resolve trade disputes among member nations.
D) provides low interest loans to member nations to help develop their export industries.
C
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Which of the following will limit the expansion of the money supply following a new deposit?
A) a re-depositing of all loan proceeds B) a strong demand for holding currency outside of commercial banks C) a strong demand for new loans D) failure of banks to voluntarily hold excess reserves
According to the table, the price of Big Macs converted to U.S. dollars varies widely around the world. This shows that Big Macs do NOT follow the
A) law of opportunity cost. B) law of one price. C) law of demand. D) law of exchange rate parity.