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Author Question: Governments have often intervened in financial markets because they believed that a. interest ... (Read 93 times)

gonzo233

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on: Jun 30, 2018
Governments have often intervened in financial markets because they believed that
 
  a. interest rates were too low
  b. competition among banks leads to poor services
  c. bank lending was favoring lucrative projects at the expense of crucial development needs
  d. too much foreign money was entering their financial systems
  e. all of the above

Question 2

On your first day at work, your boss tells you to call the bank and get the bid and the ask for British pounds. Having just returned from studying in London, you know that the exchange rate should be somewhere around 1.25.
 
  You call the number and the lady says 579 and 585. What does that mean? A) She didn't understand your question.
  B) The bid is 0.579 and the ask is 0.585.
  C) The ask is 0.579 and the bid is 0.585
  D) The bid is 1.2579 and the ask is 1.2585.


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nguyenhoanhat

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

C

Answer to Question 2

D


gonzo233

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Reply #2 on: Jun 30, 2018
Thank you


nguyenhoanhat

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Reply #3 on: Jun 30, 2018
No problemo


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