Which of the following refers to foreign exchange?
A. The act of trading different nations' moneys
B. The act of exchanging goods and services internationally
C. The holdings of foreign assets
D. The adoption of foreign trade policies
Answer: A
Economics
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In a perfectly competitive market, if a firm finds it is producing an amount of output such that its marginal cost exceeds its price, it will
A) immediately shut down for the short run. B) be maximizing profits. C) increase its output to increase its profit. D) decrease its output to increase its profit.
Economics
In the figure above, the price of bonds would fall from P2 to P1 if
A) there is a business cycle recession. B) there is a business cycle expansion. C) inflation is expected to increase in the future. D) inflation is expected to decrease in the future.
Economics