If the dollar used to buy 100 yen and now buys 360 yen, there has been
A) appreciation of the dollar.
B) depreciation of the dollar.
C) appreciation of the yen.
D) an increase in special drawing rights.
A
Economics
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An oligopoly model in which sellers compete on quantities rather than prices is called a ________ model
A) Bertrand B) Cournot C) Ricardian D) Keynesian
Economics
An individual has an initial wealth of $35,000 and might incur a loss of $10,000 with probability p. Insurance is available that charges $gK to purchase $K of coverage
What value of g will make the insurance actuarially fair? If she is risk averse and insurance is fair, what is the optimal amount of coverage?
Economics