Advanced Questions - Section 2

16:

Current account deficits are offset by

A.	merchandise trade deficits
B.	merchandise trade surpluses
C.	capital/financial account surpluses
D.	capital/financial account deficits
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

17:

The least common type of transaction in the foreign exchange is a

A.	forward transaction
B.	spot transaction
C.	swap transaction
D.	none of the above
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

18:

A person may not have assessable income but may still be assessee.

A.	True
B.	False
C.	Cannot be said with certainty
D.	Is decided by the Assessing Officer
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

19:

The exchange rate is kept the same across geographically-separate markets by

A.	hedging
B.	speculation
C.	government regulation
D.	arbitrage
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

20:

Under the Common Agricultural Policy, exports of any surplus quantities of EU produce are encouraged through the usage of

A.	variable levies
B.	export subsidies
C.	trigger prices
D.	countertrade
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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