When Ken Lay Stepped Down as CEO in 2000 He

question 25

Multiple Choice

When Ken Lay stepped down as CEO in 2000 he planned to:

• A)start a new company.
• B)take early retirement and travel.
• C)pursue political office.
• D)become more involved in charity work.

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Definitions:

Exchange Rate

The equivalent value of one currency in another currency.

Open-Economy Macroeconomic Model

A model that analyzes an economy that is engaged in international trade, focusing on the interactions with the rest of the world.

Trade Balance

The difference in value between a country's imports and exports over a given period.

Exchange Rate

The value of one currency for the purpose of conversion to another, affecting how much of one currency can be exchanged for another.