Nondeliverable forward exchange markets in centers such as Hong Kong and Singapore help to circumvent which problem?
A) loss of goods shipped from Hong Kong and Singapore
B) inconvertible currencies cannot be traded in foreign markets
C) lag between the spot exchange date and the value date
D) high travel costs from Asia to "traditional" foreign exchange markets
E) unstable currencies that hold no purchasing power
B
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Costa Rica is a leading exporter of bananas. What explains the comparative advantage of this country in banana production?
A) investment by multinational firms such as Chiquita Brands International and the Dole Food Company B) climate and soil conditions in Costa Rica which are well-suited for banana production C) positive externalities D) a large supply of unskilled labor
An expansionary monetary policy may be frustrated if the ________.
A. saving schedule shifts downward B. net export schedule shifts upward C. money demand curve shifts to the left D. investment demand curve shifts to the left