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WorksheetsMacroeconomics - p.405-426
Total questions: 10
Worksheet time: 9mins
A country’s ___________ are a summary of the country’s transactions with other countries.
Balance of Payments Accounts
Balance of Payments on the Current Account
Balance of Payments on Goods and Services
Balance of Payments on the Financial Account
A country’s ___________, or the ___________, is its balance of payments on goods and services plus net international transfer payments and factor income.
Balance of Payments on the Current Account; Current Account
Merchandise Trade Balance; Trade Balance
Balance of Payments on the Financial Account; Financial Account
Balance of Payments on Goods and Services; Goods and Services Account
A country’s ___________ is the difference between the value of its exports and the value of its imports during a given period.
Balance of Payments on Goods and Services
Balance of Payments on the Current Account
Balance of Payments on the Financial Account
Balance of Payments Accounts
The ___________, or ___________, is the difference between a country’s exports and imports of goods.
Merchandise Trade Balance; Trade Balance
Balance of Payments Accounts; Payment Balance
Balance of Payments on the Current Account; Current Account
Balance of Payments on the Financial Account; Financial Account
A country’s ___________, or simply the ___________, is the difference between its sales of assets to foreigners and its purchases of assets from foreigners during a given period.
Balance of Payments on the Financial Account; Financial Account
Balance of Payments on the Current Account; Current Account
Merchandise Trade Balance; Trade Balance
Balance of Payments on Goods and Services; Goods and Services Account
Currencies are traded in the ___________. The prices at which currencies trade are known as ___________.
Foreign Exchange Market; Exchange Rates
Merchandise Trade Balance; Trade Balance
Currency Market; Exchange Rates
Currency Exchange Market; Currency Rates
When a currency becomes more valuable in terms of other currencies, it ___________, and when it becomes less valuable in terms of other currencies, it ___________.
Appreciates; Depreciates
Decreases; Increases
Depreciates; Appreciates
The ___________ is the exchange rate at which the quantity of a currency demanded in the foreign exchange market is equal to the quantity supplied.
Equilibrium Exchange Rate
Stable Exchange Rate
Currency Rate of Equilibrium
Currency Demand Rate
___________ are exchange rates adjusted for international differences in aggregate price levels.
Real Exchange Rates
Nominal Exchange Rates
Aggregate Exchange Rates
Disaggregate Exchange Rates
The ___________ between two countries’ currencies is the nominal exchange rate at which a given basket of goods and services would cost the same amount in each country.
Purchasing Power Parity
CPI Currency Rate
Nominal Exchange Rate
Aggregate Exchange Rate
