If people in the United States buy more of a foreign good when its price falls, then
A) the demand curve for U.S. dollars will slope up.
B) the supply curve for U.S. dollars will slope up.
C) the exchange rate will increase when there is inflation.
D) fixed exchange rates will make foreign exchange markets more efficient.
B
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According to the text, economics offers the business person
A) a substitute for the accounting department. B) a substitute for the marketing department. C) a way to forecast demand. D) an approach to thinking. E) a replacement for the personnel department.
The net worth of a bank is equal to: a. the value of the financial assets the bank can buy
b. its total assets minus its total liabilities. c. the value of the assets that all borrowers hold. d. the value of the money the bank keeps on hand and does not loan.