The price of a bouquet of roses in France is 4 euros. Tom Smith,
a frequent international traveler found that a similar bouquet of roses cost only 3 euros in Germany. A benefit of adopting the euro as a common currency is that it:.
a. makes it easier to compare prices across Europe.
b. makes Europe an optimal currency area.
c. increases the range of investment options open only to institutions.
d. leads to higher prices, which translate into substantial gains for European producers.
e. decreases competition because it has become harder for consumers to shop around.

The movement of an economy from one condition to another and back again

Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u.s. banks that cannot borrow elsewhere governments in developing countries during currency crises u.s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u.s. economy (the money supply), the federal reserve will government bonds.