HIST 151 - Week 10

To help keep a currency from appreciating, a central bank should

• Raise the reserve requirements for commercial banks

• Lower the reserve requirements for commercial banks

• Sell government bonds

• Buy government bonds

• Increase foreign reserves

Brain ____ is when highly educated people emigrate from a country.

Which currency regime requires larger foreign reserves to buffer the economy from shocks?

• Free floating

• Floating or banded currency

• Pegged or fixed currency

• Dollarized economies

Last year, the THB : KHR exchange rate was 120 : 1 and today it is 110 : 1. Over the last year the Thai Baht has ____ relative to the Khmer Riel

• appreciated

• depreciated

• stayed the same

• cannot determine

Which countries were labelled as the 'Tiger Cubs' during the Asian Economic Miracle period of history?

• Malaysia

• Thailand

• Philippines

• Vietnam

• Indonesia

The ____ ___ ____ ___ is an economic concept that states that the price of an identical asset or commodity will have the same price globally, regardless of location, when certain factors are considered.

In which country did the Asian Financial Crisis begin in 1997?

• South Korea

• Malaysia

• Thailand

• Indonesia

• Philippines

A Cambodian moved to France to get a graduate degree and then she moves to England to open a new company. Which country or countries experience a brain drain?

• France

• England

• Cambodia

• None

Brain ____ is when highly educated people immigrate to a country.

Arbitrage is the simultaneous buying and selling in different markets to take advantage of price differences for which of the following?

• currency

• securities

• commodities

• competing products