The exchange rate is
A) one unit of domestic currency divided by the number of units of foreign currency that can be acquired with it.
B) the number of units of foreign currency that can be acquired with one unit of domestic currency.
C) represented as $/¥ when referring to the exchange rate between the United States and Japan.
D) the number of units of domestic currency that can be acquired with one unit of foreign currency.
Correct Answer:
Verified
Q62: U.S. purchases of foreign goods are
A)capital inflows.
B)unilateral
Q63: When U.S. merchandise exports are greater than
Q64: When U.S. merchandise imports are greater than
Q65: In the balance of payments, any item
Q66: In the balance of payments, the net
Q68: A depreciation of the dollar will
A)lower the
Q69: One reason interactions between the U.S. economy
Q70: Ultimately, exchange rates are determined by
A)the lending
Q71: If the Swiss franc/U.S. dollar rate is
Q72: Under flexible exchange rates, if a dollar
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