Answered: Which of the following industries is…

Which of the following industries is most likely to see reduced revenue due to a global recession? Travel industry Retail industry Healthcare industry E-Commerce industry

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter6: Government Influence On Exchange Rates

Section: Chapter Questions

Problem 5QA

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Concept explainers

Functions of the Federal Reserve System

The Federal Reserve System looks after the financial activities and operations of the banking system. It is the apex body that has complete control over the banking regulations. All the guidelines regarding the banking system, money supply, and formulation of the monetary policy come under the purview of the Federal Reserve System. The New York Fed also helps in drafting the monetary policy and supervising the financial system.

Elastic and Inelastic Markets

Measuring the change in percentage of an economic variable with respect to change in a different economic variable is known as elasticity. This change in percentage results in a change in price concerning changes in other factors. In simple terms, when one factor brings a change to another factor, it is called elasticity.

Question

Which of the following industries is most likely to see reduced revenue due to a global recession?

		Travel industry
		Retail industry
		Healthcare industry
		E-Commerce industry

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