The interest rate that the Fed charges banks that borrow reserves from it is the

Mention some of the problems incurred by black markets

What will be an ideal response?

An increase in the exchange rate from $2.00 = 1 € to $2.20 = 1 € is a

A) 10% depreciation of the euro with respect to the dollar. B) 10% depreciation of the dollar with respect to the euro. C) 10% appreciation of the dollar with respect to the euro. D) None of the above.