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Which one of the following statements is most true?
A.If central banks are not sterilizing and the home country has a balance of payments surplus, any associated increase in a foreign central bank’s claims on the home country impli...
cyxssbUnder fixed rates, which one of the following
Under fixed rates, which one of the following statements is the most accurate?A.Monetary policy can affect onlyB.Monetary policy can affect onlyC.Monetary policy can affect only in...
cyxssbWhich one of the following statements is the most accurate?
A.A devaluation occurs when the central bank lowers the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank raisesB.A devaluation occurs ...
cyxssbthe following statements is the most accurate?
Under fixed exchange rate, which one of the following statements is the most accurate?A.Devaluation causes a decrease in output, a decrease in official reserves, and a contraction ...
cyxssbthe following statements is the most accurate?
Under fixed exchange rate, which one of the following statements is the most accurate?A.Devaluation causes a rise inB.Devaluation causes a decrease inC.Devaluation has no effect on...
cyxssbUsing a figure, show how devaluation affects an economy
Answer: When a currency is devalued from E0 to E1, the equilibrium shifts from point 1 to 2. Both output and money supply increase. And international reserves increase.
cyxssbwhat happens when Germany’s current account surplus
Under the price-specie-flow mechanism, what happens when Germany’s current account surplus is greater than its non-reserve financial account deficits?A.German loans will finance a...
cyxssbThe “rules of the game” under the gold standard
The “rules of the game” under the gold standard can best be described as which of the following?A.Selling domestic assets in a deficit and buying assets in a surplusB.Slowing dow...
cyxssbBy external balance, most economists mean
A.avoiding excessive imbalances in internationalB.a balance between exports andC.a balance between trade account and serviceD.a fixed exchangeE.None of theAnswer: A
cyxssbExternal balance means
A.balance in the country’s currentB.balance in the country’s serviceC.balance in the country’s financialD.balance in the country’s tradeE.None of theAnswer: E
cyxssbUnder the gold standard era of 1870 – 1914,
A.central banks tried to have sharp fluctuations in the balance ofB.central banks tried to avoid sharp fluctuations in the current account of the balance ofC.central banks tried to...
cyxssbA country is said to be in balance of payments
A country is said to be in balance of payments equilibrium when the sum of its current and itsA.non-reserved financial accounts equalsB.reserved financial accounts equalsC.non-rese...
cyxssb
