The exchange rate is the
a. total yearly amount of money changed from one country's currency to another country's currency
b. total monetary value of exports minus imports
c. amount of a country's currency that can be exchanged for one ounce of gold
d. sum of net unilateral transfers
e. price of one country's currency in terms of another country's currency
E
You might also like to view...
U.S. auto sales took a beating in September 2008 as the nation's worsening economy turned dealer showrooms into ghost towns
Automakers reported a sharp drop-off in sales in the last ten days of the month as news of bank failures and a stock market meltdown increased economic uncertainty. What type of constraint do the automakers face when there is increased economic uncertainty? A) information constraint B) technology constraint C) marketmconstraint D) price constraint
Which of the following is not a potential source of comparative advantage for China in the manufacturing sector?
A) Abundant low wage, low skill workers B) A large domestic market that can lead to scale economies C) Coastal areas with good logistics for international trade D) Abundant credit from China's government sector to set up manufacturing operations