The United States Would Not Need Official Reserves If It

question 43

Multiple Choice

The United States would not need official reserves if it wanted to increase the:

• A)supply of dollars and drive up the dollar price of foreign currencies.
• B)supply of dollars and drive down the dollar price of foreign currencies.
• C)demand for dollars and drive up the dollar price of foreign currencies.
• D)demand for dollars and drive down the dollar price of foreign currencies.

---

Definitions:

Markup

A percentage added to the cost price of goods to cover overhead and profit.

Selling Price

Selling price is the amount of money a buyer pays to purchase a product or service from a seller.

Manufacturing Costs

The total expense involved in the creation of a product, including raw materials, labor, and overhead costs.

Departments

Divisions within an organization, each responsible for specific functions or tasks.