When interpreting the meaning of an exchange rate, the first step is to always:
a. know exactly what the exchange rate signifies in terms of which currency is the denominator.
b. watch for ways the currency might lose value.
c. learn about recent behavior of the exchange rate.
d. know exactly what the rate is at any moment in time.
Ans: a. know exactly what the exchange rate signifies in terms of which currency is the denominator.
Economics
You might also like to view...
If firms pay efficiency wages, they pay wages that
A) are mandated by the government. B) will eventually lower the unemployment rate. C) motivate workers to increase their productivity. D) are lower than average to ensure maximum profit.
Economics
The U.S. Congress first instituted a minimum wage in
a. 1776. b. 1812. c. 1938. d. 1975.
Economics