Suppose Big Mac costs 8 euros in Paris and 200 liras in Istanbul. If the current exchange rate is 0.01 euros per lira, then according to law of one price, euro is ______ and should _______ in the long run.

As a result of the 2007-2009 financial crisis, which of the following Big Five investment banks was acquired by Bank of America?

If the required reserve ratio is 5 percent, currency in circulation is $600 billion, checkable deposits are $1,000 billion, and excess reserves total $200 billion, then the monetary base is

A one-year bond currently pays 4.1% interest. It’s expected that it will pay 2.4% next year. According to the expectations theory, what is the interest rate on two-year bond currently?

A change in the dollar value of euro from $1.02 per euro to $1.08 per euro represents

If a British automobile sells for £60,000 and one pound is worth $1.1, then the dollar price of the automobile is

What is the rate of return on a $1,000 face-value, 4% coupon bond that was purchased for $990 and sold one year later for $1,020?

Which of the following is most likely to lead to an increase in the exchange rate of the dollar?

Please tell me your favorite thing you learned this semester! 🙂 

A solid disk has a 1.5 m diameter and a mass of 250 kg. A motor spins up the disk with a constant torque of 50 .  How long in seconds does it take the disk to reach top angular speed of 1200 rpm? Two significant digits.