The Increase in the Availability of ATMs Has Caused the Cost

question 41

Multiple Choice

The increase in the availability of ATMs has caused the cost of acquiring currency to ________ which will cause the currency ratio to ________,everything else held constant.

• A)increase;increase
• B)increase;decrease
• C)decrease;increase
• D)decrease;decrease

Understand the factors influencing the manager’s decision on what tasks to delegate.

Identify the conditions that facilitate the effectiveness of empowerment.

Understand factors elected officials consider due to lobbying efforts.

Recognize distinctions between public affairs teams and government relations roles.

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Definitions:

World Price

The global market price of a good or service, influenced by worldwide demand and supply.

Free Trade

Free trade is an economic policy that allows goods and services to be bought and sold across international borders with little to no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.

Domestic Supply

The total amount of goods and services produced within a country's borders available for consumption or export.

Domestic Demand

The sum of all requests for goods and services in a country.