Economic development encompasses which of the following measures?
a. The political environment
b. All of the answers are correct.
c. Education
d. Economic growth
b
Economics
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Suppose that the U.S. price of gold is $35 per ounce and the German price of gold is 100 Deutsche Marks (DMs) per ounce. What is the implied exchange rate between the dollar and the DM?
A) $0.35 = DM1 B) $3500 = DM1 C) $2.8571 = DM1 D) $0.28571 = DM1
Economics
What is a fractional reserve banking system? How long has the fractional reserve banking system been in existence?
What will be an ideal response?
Economics