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Author Question: Which of the following is the best example of money? A) share of Intel stock B) checkable ... (Read 62 times)

storky111

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on: Jun 30, 2018
Which of the following is the best example of money?
 
  A) share of Intel stock
  B) checkable deposit
  C) credit card
  D) phone card
  E) gold

Question 2

What are net exports? How will an appreciation of the peso affect Mexico's net exports?
 
  What will be an ideal response?


allisonblackmore

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

The net exports of a country refer to the value of the exports from the country minus the value of the imports into the country. If the peso appreciates, exports from Mexico will become more expensive causing exports to decrease and imports to increase. Hence, an appreciation of the peso will reduce Mexico's net exports.


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