Eurodollars

question 19

Multiple Choice

Eurodollars:

• A) refer to the exchange value of dollar with Euro.
• B) are used to pay for imports from Europe.
• C) are dollars banked outside of the United States.
• D) refer to the exchange buffer that Euro has against dollar.

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Definitions:

Market-Oriented Economy

An economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Reforms

Changes made to improve a system, law, institution, or practice that are often enacted in response to instances of inefficiency or injustice.

Economic Model

A theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them.

Simplified

Made easier to understand or do; reduced in complexity.