Turkish Lira Depreciates, Breaches 17.00 Per U.S. Dollar

Turkish Lira Depreciates, Breaches 17.00 Per U.S. Dollar

Assessment

Interactive Video

Business

University

Hard

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The video discusses the Turkish stock market's performance, highlighting a 43% increase in lira but a 37% decrease in US dollars. It explores the potential for early elections and regime change due to economic challenges, including inflation and unemployment. The role of global institutions like the World Bank and IMF in Turkey's economy is examined, along with the impact of currency decline on exports and banks.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the decline of the lira affect households with offshore deposits?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expectations regarding the banks' response to the lira's decline?

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