At any given moment there is one exchange rate
a. for currencies in the free world.
b. between every pair of currencies.
c. for all the world's currencies.
d. established by the Federal Reserve Board.
b
Economics
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Is it possible to have a production function that exhibits both a diminishing marginal product of labor and constant returns to scale? Explain
What will be an ideal response?
Economics
The vertical and horizontal axes intercepts of the budget line represent the:
a. quantity of goods that will be purchase if only that good is purchased. b. preference of one good compared to another good. c. quantity of each good that is outside the consumer's income. d. only two choices that will spend the entire budget.
Economics