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BOP & Exchange Rate: Practice Questions

Authored by Mohammad Husain

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11th Grade

Used 24+ times

BOP & Exchange Rate: Practice Questions
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15 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

In a floating exchange rate system, the increase in value of the currency is known as

2.

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1 min • 1 pt

Governments would need to maintain large amounts of foreign reserves to manage its currency in a ____________________ exchange rate system.

3.

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1 min • 1 pt

Money coming in a country is recorded as a _____________ item on the Balance of Payments.

4.

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1 min • 1 pt

An export would be recorded as a credit item on the Balance of Trade in the _____________ account, of the Balance of Payments

5.

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1 min • 1 pt

An MNC sending money back to its parent country would be recorded as a debit item on the ___________ Income of the Current Account.

6.

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1 min • 1 pt

Charities received by a country would be a credit item on the ___________ income of the Current Account.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A high inflation rate is likely to ______________ the Current Account Deficit if the demand for the country's exports are price elastic.

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