Central banks intervene in the foreign exchange market
A) to smooth out currency fluctuations.
B) to facilitate the transfer of goods and services internationally.
C) to conduct foreign exchange operations for central governments.
D) All of the above.
D
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Calculate the following probabilities using the standard normal distribution. Sketch the probability distribution in each case, shading in the area of the calculated probability
(a) Pr(Z < 0.0) (b) Pr(Z ? 1.0) (c) Pr(Z > 1.96) (d) Pr(Z < –2.0) (e) Pr(Z > 1.645) (f) Pr(Z > –1.645) (g) Pr(–1.96 < Z < 1.96) (h.) Pr(Z < 2.576 or Z > 2.576) (i.) Pr(Z > z) = 0.10; find z. (j.) Pr(Z < –z or Z > z) = 0.05; find z. What will be an ideal response?
Measured as a share of the economy, government spending
a. has been between 10 and 15 percent of the U.S. economy since 1930. b. has been between 20 and 25 percent of the U.S. economy since 1930. c. rose from less than 10 percent in 1929 to over 35 percent in 2012. d. declined from more than 50 percent in 1929 to approximately 25 percent in 2012.