The Fed engages in FX trading? What?
Zowzooma, the Angry Deity asked: My book says this: “Had foreigners not wanted to use their dollars to buy investments in the United States, our government would have been forced to draw down its official reserves and use its holdings of foreign currencies to trade for al the dollars that foreigners held.”
I’m not doubting [...]
Help with business question homework?
James M asked: A main purpose on tariffs on imports is to ______.
[a] maintain domestic competitiveness
[b] promote free trade
[c] stabilize foreign currencies
[d] increase imports
China and India require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake. What does this illustrate?
[a] business ethics
[b] local content [...]