Trensor Bank can borrow either $20 million or €20 million. The current spot rate of the euro is $1.08. Furthermore, Trensor Bank expects the spot rate of the euro to be $1.112 in 90 days. What is Trensor Bank's dollar profit from speculating if the spot rate of the euro is indeed $1.112 in 90 days

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise