The reduction or covering of a foreign exchange risk is called

A) hedging.
B) speculation.
C) intervention.
D) arbitrage.

A

Economics

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When buying a car from a commission salesman you improve your bargaining position by

a. shopping when the new model year cars have just arrived b. shopping when the showroom is full of customers c. shopping when the car lot has many cars left unsold d. shopping toward the beginning of the month

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Zipco's accounting profit is equal to its

a. total revenue minus opportunity costs b. total revenue plus opportunity costs c. total revenue minus imputed costs d. total revenue minus explicit costs e. total revenue minus explicit and implicit costs

Economics