Foreign income is defined to be income earned:
A. on investments made abroad.
B. by those living outside a country.
C. when a domestic citizen works abroad.
D. by a nation's firms when they operate abroad.
Answer: B
You might also like to view...
Why does bad money drive out good money? Because
a. money has high liquidity so that an excess supply of money creates unnecessary money, which comes to dominate the money market b. Say's Law means that money supply creates money demand and if too much money is created, it is bad because it can create inflation c. good money is in the form of bullion (specie, such as gold) which is preferred over nonbullion money d. people will not use bad money for exchange because it means exchanging it away so that bad money never serves the role of money e. people will not use good money for exchange because it means exchanging it away so that good money never serves the role of money
If the Fed reduces the required reserve ratio, how will this affect excess reserves and the money supply?
a. Both will increase. b. Excess reserves increase and the money supply decreases. c. Both will decrease. d. Excess reserves decrease and the money supply increases.