This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the exchange rate between the U.S. dollar and the Jamaican dollar was 1 U.S. = 40 Jamaican ... (Read 60 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
Suppose the exchange rate between the U.S. dollar and the Jamaican dollar was 1 U.S. = 40 Jamaican dollars. A beach towel sells for 20 in Miami and 60 Jamaican in Negril.
 
  A) Purchasing power parity does not prevail with these prices.
  B) The U.S. dollar would be expected to depreciate.
  C) The Jamaican dollar would be expected to appreciate.
  D) All of the above are correct.

Question 2

Which of the following tools is NOT a policy tool of the Fed?
 
  A) last resort loans
  B) the tax rate on interest income
  C) the reserve ratio
  D) open market operations


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amandalm

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


altibaby

  • Member
  • Posts: 562
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Feedforward control of breathing rate in an animal trained for athletic exercise. Feedforward control of breathing rate in an animal trained for athletic exercise.
Hormonal regulation of digestion rate in the stomach and small intestine. Hormonal regulation of digestion rate in the stomach and small intestine.
Gas exchange Gas exchange
Respiratory Rate Ranges of Various Age Groups Respiratory Rate Ranges of Various Age Groups
Situations Causing Changes in Respiratory Rate Situations Causing Changes in Respiratory Rate
Population growth rate % Population growth rate %
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library