IFM - QUIZ 1
Quiz by Jamal Haider Naqvi
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A high home inflation rate relative to other countries would ____ the home country's current account balance, other things equal. A high growth in the home income level relative to other countries would ____ the home country's current account balance, other things equal.29
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A high home inflation rate relative to other countries would ____ the home country's current account balance, other things equal. A high growth in the home income level relative to other countries would ____ the home country's current account balance, other things equal.
If a country's government imposes a tariff on imported goods, that country's current account balance will likely____ (assuming no retaliation by other governments).
If the home currency begins to appreciate against other currencies, this should ____ the current account balance, other things equal (assume that substitutes are readily available in the countries, and that the prices charged by firms remain the same).
have no impact on
The "J curve" effect describes:
the tendency for exporters to initially reduce the price of goods when their own currency appreciates.
the continuous long-term inverse relationship between a country's current account balance and the country's growth in gross national product.
the reaction of a country's currency to initially depreciate after the country's inflation rate declines.
the short-run tendency fora country's balance of trade to deteriorate even while its currency isdepreciating.120s
The balance of payments isa measurement of all transactions between domestic and foreign residents over aspecified period of timetruefalseTrue or False30s
Portfolio investment represents transactions involving long-term financial assets (such as stocks and bonds) between countries that do not affect the transfer of control.truefalseTrue or False30s
A tariff is a maximum limit on importsfalsetrueTrue or False30s
A balance of trade deficit indicates an excess of imports over exports.truefalseTrue or False30s
A weakening of the U.S. dollar with respect to the British pound would likely reduce U.S. exports to the U.K. and increase U.S. imports from the U.K.falsetrueTrue or False30s
Although MNCs may need to convert currencies occasionally, they do not face any exchange rate risk, as exchange rates are stable over time.falsetrueTrue or False30s
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