If I own a share of stock in IBM, I own
a. only the right to vote in elections of corporate directors
b. a claim to a share of IBM's assets and earnings as well as the right to demand annual dividend payments
c. the right to demand annual dividend payments as well as the right to vote in elections of corporate directors
d. only the right to demand annual dividend payments
e. a claim to a share of IBM's assets and earnings as well as the right to vote in elections of corporate directors
Question 2
Assume the United States has only one trading partner. The U.S. demand curve for foreign currency is drawn while holding constant all of the following factors except one. Which is the exception?
a. incomes of U.S. consumers
b. the exchange rate
c. the expected rate of inflation in the U.S.
d. the foreign prices of foreign goods
e. U.S. interest rates relative to foreign interest rates
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