Everything else equal, if the dollar depreciates against the Chinese yuan:
A) China will stop trading with the U.S.
B) China will import more from the U.S. and will export less to the U.S.
C) China will export more to the U.S. and will import less from the U.S.
D) the Chinese government will buy yuan from the foreign exchange market.
B
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Which of the following describes the "invention" of banking?
A) Clergy in the Renaissance created the banking system to help further the growth of the church. B) Goldsmiths in the sixteenth century issued gold receipts which entitled its owners to reclaim their gold on demand. C) The United States government founded the Federal Reserve in 1913. D) The British Empire created a banking system to fund its exploration of the New World. E) Members of the New York Stock Exchange founded the Bank of America in the 1700s.
The fee charged by the seller of an option is referred to as the
A) market price. B) option premium. C) futures fee. D) call price.