If Australia Puts a Tariff on the Importing of Cars,the

question 2

Multiple Choice

If Australia puts a tariff on the importing of cars,the:

• A) price of Australian cars will fall.
• B) Australian dollar will fall.
• C) Australian dollar will rise.
• D) price of foreign-produced cars sold in Australia will fall.

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Definitions:

Treasury Bills

Short-term government securities with maturity periods of one year or less, offering a safe investment with minimal risk.

Collection Float

Collection Float refers to the time delay between when a check is deposited into a bank account and when the amount is actually available for use.

Outstanding Deposits

The total amount of money deposited in a financial institution that has not yet been credited to the depositor's account.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to a specified person.