Examlex

Solved

Everything Else Remaining the Same, Which One of the Following

question 78

Multiple Choice

Everything else remaining the same, which one of the following would increase equilibrium real GDP?


Definitions:

Direct Quote

In foreign exchange, a price quote that specifies the domestic currency price of one unit of foreign currency.

Indirect Quote

A currency quotation in the foreign exchange markets that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.

Forward Rate

The agreed-upon price for a financial transaction that will occur at a future date, as in currency or interest rate swaps.

Spot Rate

The current exchange rate at which a currency can be bought or sold for immediate delivery.

Related Questions