Which of the following is not a reason why Joe Smith... - Solved MCQs & Answer

4437EconomicsMedium

Which of the following is not a reason why Joe Smith (an American) might participate as a demander in the foreign exchange market?

Ahis desire to purchase an automobile produced domestically

Bhis desire to travel to Europe

Chis desire to purchase Treasury bills issued by the British government

Dhis desire to open a bank account in Japan

Correct answer

A. his desire to purchase an automobile produced domestically

Explanation

The correct answer is his desire to purchase an automobile produced domestically.

Related Economics MCQs

View all 4520 MCQs →

MCQ #4439

A real value can be derived from a nominal value by?

Ans: adjusting or changes in pricesRead →

MCQ #4435

If an input necessary for production is in limited supply so that an expansion of the industry raises costs for all existing firms in the market, then the long-run market supply curve for a good could be?

Ans: upward slopingRead →

MCQ #4440

Two nations with a low street -crime rate are________?

Ans: Japan and FinlandRead →

MCQ #4434

The role of ________ is to direct one nation’s savings into investments of another nation?

Ans: capital flowsRead →

MCQ #1047

The marginal product model assumes that?

Ans: individuals pay the full cost of their educationRead →

MCQ #2177

All of the following are types of imperfect competition except?

Ans: unfair competitionRead →