mcexamples2 - D an exchange-rate union Answer C In...

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Net exports of goods are known as A) the balance of payments. B) the merchandise trade balance. C) the current account. D) the capital and financial account. Answer: B The Bretton Woods system relied on A) a flexible-exchange-rate system. B) a floating-exchange-rate system. C) a fixed-exchange-rate system.
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Unformatted text preview: D) an exchange-rate union. Answer: C In economics, money refers to A) income. B) wealth. C) assets used and accepted as payment. D) currency. Answer: C When aggregate economic activity is increasing, the economy is said to be in A) an expansion. B) a contraction. C) a peak. D) a turning point. Answer: A...
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