The Price of One Good Divided by the Price of Another

question 69

Multiple Choice

The price of one good divided by the price of another good is

• A)an absolute price.
• B)a relative price.
• C)a marginal price.
• D)a demand price.
• E)a money price.

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Definitions:

Fixed Exchange Rates

A government or central bank policy setting the value of its currency in relation to another currency or a basket of currencies.

Consolidated Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as a single entity.

Future Date

A specific day in the future, identified for the occurrence of a particular event or for the completion of a specified task or agreement.

U.S. Dollars

The authorized fiscal medium of the United States, extensively employed as a reference and backup currency all over the world.