____ is needed to balance the balance of payments statement.
A. | credit transactions |
B. | debit transactions |
C. | unilateral transfers |
D. | statistical discrepancy |
Option: D Explanation : Click on Discuss to view users comments. |
An important feature of a _____ is that the holder has the right, but not the obligation, to buy or sell currency.
A. | swap |
B. | foreign exchange arbitrage |
C. | foreign exchange option |
D. | futures market contract |
Option: C Explanation : Click on Discuss to view users comments. |
Assessee is always a person but a person may or may not be an assessee.
A. | True |
B. | False |
C. | Cannot be said with certainty |
D. | Is decided by the Assessing Officer |
Option: A Explanation : Click on Discuss to view users comments. |
The argument that U.S. current account deficits cause net job losses for Americans
A. | is true by definition in all possible circumstances |
B. | is supported by recent U.S. history |
C. | focuses only on the overall economy and is thus always true |
D. | fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spending |
Option: D Explanation : Click on Discuss to view users comments. |
Which exchange rate mechanism calls for frequent redefining of the par value by small amounts to remove a payments disequilibrium?
A. | dual exchange rates |
B. | adjustable pegged exchange rates |
C. | managed floating exchange rates |
D. | crawling pegged exchange rates |
Option: D Explanation : Click on Discuss to view users comments. |