The Figure Above Shows the Market for Foreign Exchange in 2001

question 53

Multiple Choice

The figure above shows the market for foreign exchange in 2001 and 2009.
Suppose the Fed had tried to keep the exchange rate at its 2001 level. In that case the Fed would have_{--------------------} dollars and its foreign reserves would have_{--------------------} .

• A)bought; decreased
• B)sold; increased
• C)bought; increased
• D)sold; decreased
• E)None of the above are correct because the Fed cannot affect the exchange rate.

Grasp the distinction between mediated interaction and direct interaction.

Comprehend the concepts of status and status cues in the hierarchical structure of society.

Distinguish between role conflict and role strain with adequate examples.

Analyze the importance of norms, roles, and statuses in shaping social interaction.

---

Definitions:

Legal Heir

is a person who is legally entitled to inherit assets from the estate of a deceased person, either through a will or through intestate succession laws.

Fiduciary Duty

Someone who is required to act for the benefit of another person on all matters within the scope of their relationship; one who owes to another the duties of good faith, loyalty, due care, and disclosure.

Personal Representative

An individual appointed to administer the estate of a deceased person, managing and distributing the person's assets per their will or law.

Treasury Bills

Short-term government securities issued at a discount from the face value and redeemed at maturity for the full face value.