If England uses one week's time to produce ten yards of cloth or two barrels of wine and Portugal uses one week's time to produce twelve yards of cloth or six barrels of wine, England has the comparative advantage in both goods

Money that some authority has declared legal tender is called

A) fiat money. B) currency. C) convertible paper money. D) commodity money.Q

Which major actor is at the center of the foreign exchange market?

A) corporations B) central banks C) commercial banks D) non-bank financial institutions E) individual firms