AP Macro Unit 6

AP Macro Unit 6

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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19 questions

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1.

FLASHCARD QUESTION

Front

Which of the following is recorded in a country’s balance of payments accounts?
The monthly payments by the country’s residents on domestic loans,
Financial capital flows between the country and the rest of the world,
The value added by each industry in the country at each stage of production,
The aggregate spending of the country’s residents on consumer goods,
Changes in the required reserve ratio determined by the country’s central bank

Back

Financial capital flows between the country and the rest of the world

2.

FLASHCARD QUESTION

Front

Which of the following transactions is recorded as a credit entry in the country’s current account?
Imports of capital goods,
Exports of consumer goods,
Purchases of foreign government bonds,
Sales of domestic financial assets to foreign investors,
Income transfers from the country’s residents to recipients abroad

Back

Exports of consumer goods

3.

FLASHCARD QUESTION

Front

The table shows some of Country X’s balance of payments data for 2018. Which of the following is true about Country X’s current account balance and financial capital flows?

Media Image

Back

Country X has a current account deficit of $60 million and has net financial capital inflows.

4.

FLASHCARD QUESTION

Front

What is the price in dollars of a B600 souvenir if the exchange rate is B1 = $0.05?

Back

$30

5.

FLASHCARD QUESTION

Front

The table shows the exchange rate for the British pound (£) against the dollar ($) and the euro (€) in 2015 and 2018. Which of the following is true?

Media Image

Back

The British pound has depreciated against the dollar.

6.

FLASHCARD QUESTION

Front

The exchange rate for one Qatari riyal was 0.5 Turkish lira in 2012, and it increased to 1.25 Turkish lira in 2018. Which of the following is true about the value of the Turkish lira in 2018?

Back

1 Turkish lira = 0.8 Qatari riyal, and the Turkish lira depreciated.

7.

FLASHCARD QUESTION

Front

If the current exchange rate for one Swiss franc is 0.84 euro and the equilibrium exchange rate for one Swiss franc is 0.88 euro, what will occur in the flexible exchange market for the Swiss franc?

Back

The Swiss franc will appreciate.

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