In considering pounds and dollars we can say that when the dollar rate of exchange for the pound rises
A. the pound rate of exchange for the dollar will fall.
B. the pound rate of exchange for the dollar will also rise.
C. the pound rate of exchange for the dollar may either fall or rise.
D. American net exports to Britain will tend to fall.
A. the pound rate of exchange for the dollar will fall.
Economics
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A. Are equal to the required reserve ratio times total reserves. B. Are the minimum amount of reserves a bank is required to hold. C. Represent the dollars a bank can lend. D. Must be held in a bank's vault.
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If the MRP of labor decreases, labor:
a. demand will decrease. b. demand will increase. c. supply will increase. d. supply will decrease. e. demand and supply will be unaffected.
Economics