Suppose a European tourist in the United States uses 1 euro to buy 1.27 U.S.dollars.However, when she leaves the United States, she pays 1.50 U.S.dollars to buy 1 euro.The difference of 0.23 U.S.dollars is the:
A) amount refunded to the tourist once she reaches her home country.
B) profit that the bank makes for each U.S.dollar bought and sold.
C) fee paid to the U.S.government for the stay in the country.
D) profit that the U.S.treasury department makes on each U.S.dollar bought and sold.
E) profit that the U.S.Home department makes on each U.S.dollar bought and sold.
Correct Answer:
Verified
Q29: The "ask" refers to:
A)any form of money
Q30: Currency speculation refers to the:
A)conversion of one
Q31: Foreign bonds are typically subject to the
Q32: Suppose we quote the number of Indian
Q33: VCs are characterized primarily by their investments
Q35: International equity markets consist of all the
Q36: _ refers to the technique of protecting
Q37: Which of the following is true for
Q38: If an exchange rate between the U.S.dollar
Q39: The _ is the price at which
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents