Suppose that the FOMC decides to lower its target for the federal funds rate. How can it use open market operations to accomplish this goal? How can the FOMC use open market operations to raise its target for the federal funds rate? Use a graph of the federal funds market to illustrate your answers. Does it matter for your answer whether reserves are scarce? Briefly explain.
Tall Latt és and the Real Exchange Rate between the Euro and the Dollar. According to the Economist , in early 2004 the average price of a tall latté in Starbucks in the United States was $2.80. In the countries that use the euro, the average price was 2.93 euros. Because the exchange rate at this time was 0.79 euro per dollar, the dollar price of lattés in the euro area was $3.70. (Related to Application.)
a. At what exchange rate between the dollar and the euro would a latté cost the same in the euro area as it did in the United States?- Voclasses
Which of the following is true about open source software?
a. The program code is confidential.
b. The program can be changed and freely distributed.
c. The program can be freely distributed as long as the program code is not changed.
d. The program code is subject to copyright protection.