Suppose a U.S. firm purchases some English china. The china costs 1,000 British pounds. At the exchange rate of $1. 45 = 1 pound, the dollar price of the china is
A. $690.
B. $250.
C. $1,450.
D. $2,000.
Answer: C
Economics
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Developments in the United States, such as credit cards, debit cards, ATMs, and online banking have:
A. increased the supply of money. B. increased the demand for money. C. had no impact on the supply or demand for money. D. decreased the demand for money.
Economics
Which is true?
A. The federal personal income tax is a progressive tax. B. More than 75 percent of all taxpayers pay more in payroll taxes than personal income taxes. C. The most important source of federal tax revenue is the personal income tax. D. All the choices.
Economics