If USSecurities Pay 7 Percent Interest, and If Great Britain's Securities

question 153

Multiple Choice

If U.S.securities pay 7 percent interest, and if Great Britain's securities pay 5 percent interest, then

• A)pounds depreciate relative to dollars.
• B)pounds appreciate relative to dollars.
• C)Great Britain's imports will rise.
• D)Great Britain's exports will fall.

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Definitions:

Intellectual Property

Refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce.

Affixed

Affixed means to be attached or securely connected to something else, typically in a permanent or semi-permanent manner.

Joint Tenants

A form of property co-ownership where each party has an equal share and the right of survivorship.

Tenants in Common

A form of co-ownership where each party owns a separate and undivided interest in the property, and upon death, their share is inheritable by their heirs.