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Author Question: Over the period 1960-2010, the United States economy grew at roughly A) 2.1 percent. B) 3 ... (Read 205 times)

michelleunicorn

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on: Jun 30, 2018
Over the period 1960-2010, the United States economy grew at roughly
 
  A) 2.1 percent.
  B) 3 percent.
  C) 4 percent.
  D) one percent.
  E) 3.5 percent.

Question 2

What is the difference between black and parallel markets for foreign exchange? How are these created?
 
  What will be an ideal response?


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amynguyen1221

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

A

Answer to Question 2

As a result of government restrictions or legal prohibitions on foreign-exchange transactions, markets in foreign exchange develop to satisfy trader demand. When these markets are deemed illegal, then the alternative market is known as a black market. On the other hand, when the alternative market is allowed to flourish, then it is known as a parallel market.


michelleunicorn

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Reply #2 on: Jun 30, 2018
Thank you


amynguyen1221

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Reply #3 on: Jun 30, 2018
No problemo


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