The term to describe one currency in terms of another is called
a. The interest rates
b. The market price
c. The inflation rate
d. The exchange rate
QUESTION 2As a way to still be able to transact with the low-risk individuals, insurance companies can
a. Offer them partial insurance
b. Offer them insurance with deductibles
c. Offer them insurance with co-payments
d. All of the above
QUESTION 3A consumer values a car at 30,00 . and a producer values the same car at 20,000 . If the transaction is completed at 24,000 . what level of tax rate will result in unconsummated transaction?
a. 0
b. 25
c. 20
d. 40
QUESTION 4Holding other things constant, a decrease in the inflation rate in the US compared to the Canadian economy will cause the demand for the Canadian dollar to _____________ and the supply to __________.
a. Increase; decrease
b. Increase, increase
c. Decrease; Increase
d. Decrease; Decrease
QUESTION 5Ideally, insurance companies would like to charge
a. High premium to low risk clients
b. Low premium to high risk clients
c. The same premium to all clients
d. High premium to high risk and low premium to low risk clients