Rachel Has Set Up a Firm That Buys Circuit Boards

question 61

Multiple Choice

Rachel has set up a firm that buys circuit boards from overseas producers and sells them to a local computer manufacturing company.Which title BEST describes her role in the computer manufacturing distribution mix?

• A) marketer
• B) sales agent
• C) broker
• D) retailer
• E) wholesaler

Understand the relationship between trade deficits/surpluses and national welfare.

Comprehend the basics of the foreign exchange market and exchange rate mechanisms.

Understand the concept of balance of payments and its components.

Learn the effects of currency appreciation and depreciation on a nation's economy.

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Definitions:

Double Coincidence

A situation in barter economies where two parties each possess an item the other wants, allowing for an exchange without the need for a common unit of value.

Small Denomination Time Deposits

Bank deposits that are held for a fixed term with a specified small minimum amount and earn interest over time.

Large Denomination Time Deposits

Time deposits in a bank or financial institution with a large minimum amount of money required, typically over $100,000, and a fixed term.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits, small time deposits, and money market mutual funds.