The restaurant market in San Francisco is probably best ...

[piesebel]

The restaurant market in San Francisco is probably best categorized as:
 a. perfectly competitive.
 b. monopolistic.
 c. monopolistically competitive.
  d. oligopolistic.

Question 2

Suppose the 12-month interest rate on a U.S. Treasury bill is 16 percent, and the one-year interest rate on a comparable British Treasury bill is 6 percent. The exchange rate today is 2.00 per pound. What must be the expected exchange rate at maturity for interest rate parity to hold?
 a. 1.00 = 0.50 pound
  b. 1.00 = 0.75 pound
  c. 1 pound = 2.20
  d. 1 pound = 1.80
  e. 1 pound = 2.50

[bassamabas]

Answer to Question 1

c

Answer to Question 2

c

[piesebel]

Thanks for the timely response, appreciate it

[Sarahjh]

Great answer, keep it coming