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Author Question: If a depreciation of the British pound is to be prevented, the U.S. Federal Reserve has to buy ... (Read 93 times)

CORALGRILL2014

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on: Jun 30, 2018
If a depreciation of the British pound is to be prevented, the U.S. Federal Reserve has to buy British pounds and sell U.S. dollars.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

To say that a price ceiling is binding is to say that the price ceiling
 a. results in a surplus.
 b. is set above the equilibrium price.
 c. causes quantity demanded to exceed quantity supplied.
  d. All of the above are correct.


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bookworm410

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

True

Answer to Question 2

c


CORALGRILL2014

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Reply 2 on: Jun 30, 2018
Excellent

Liddy

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Reply 3 on: Yesterday
:D TYSM

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