Physical currency is ________ popular than e-cash, ________
A) less; and both are portable and recognizable
B) more; and both are portable and recognizable
C) more; but only physical currency is portable and recognizable
D) more; and both are portable, untraceable and anonymous
E) less; but both are portable, untraceable and anonymous
D
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Which of the following is the most likely effect of lower apple juice prices on the price and quantity purchased of orange juice, a substitute product?
a. The price of orange juice will increase, and the quantity purchased will fall. b. The price of orange juice will fall, and the quantity purchased will increase. c. The price of orange juice will increase, and the quantity purchased will increase. d. The price of orange juice will fall, and the quantity purchased will fall.
Which of the following is not a true statement about the foreign exchange market?
a. Trading for foreign exchange is conducted without interruption (24 hours a day) during the workweek. b. Prices for foreign currencies are the usually same throughout the world. c. Bid-ask-spreads are bigger in the wholesale than in the retail market for foreign exchange. d. The wholesale volume surpasses the retail volume by a huge margin.