The exchange rate is:
a. the rate at which goods will exchange for each other in the international market.
b. the number of units of one currency required in exchange for one unit of another currency.
c. set by the International Trade Commission.
d. established by the ratio of the values of gold to silver.
e. set by each individual country.
Question 2
A rightward shift of the investment demand curve would be caused by a(n):
a. increase in the expected rate of return on investment caused by an increase in business confidence.
b. decrease in the expected rate of return on investment caused by a decrease in business confidence.
c. increase in the rate of interest.
d. decrease in the rate of interest.
Changes in the abundance and egg-hatching success rate of prairie chickens.
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