According to the Application, recent reforms in Cuba have relied less on the free market in determining prices in the housing market

If a U.S. company imports 10 Toyotas from Japan at $15,000 each, and the Japanese company buys airline tickets on a U.S. airline with the money, how does this affect the U.S. balance of payments accounts?

A) Decline in merchandise trade; increase in financial account B) Decline in financial account; increase in merchandise trade C) Decline in merchandise trade; increase in services D) Decline in services; increase in merchandise trade

A floating exchange rate is where the rate is

a. determined by the domestic market for money. b. set by the government as a hard peg c. set by the government as a soft peg. d. determined in the foreign exchange market.