Liberty BUSI 303 Quiz 3 Answers Complete Solutions
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A weakness of the Bretton Woods system was that it could not work if
_____ occurs when two parties agree to exchange currency and execute the deal at some specific date in the future.
Kussoko’s currency, the Kussokan peso, is fixed relative to the U.S. dollar. As a result, the U.S. dollar exchange rate determines the exchange rate between the Kussokan peso and other currencies. This is an example of a ____ exchange rate.
In terms of the approaches to exchange rate forecasting, which of the following is based on the premise that there are analyzable market trends and waves and that previous trends and waves can be used to predict future trends and waves?
The movement of traders like a herd, all in the same direction and at the same time, in response to each other’s perceived actions is called
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When war broke out between Honduras and El Salvador, the _____ trade pact collapsed.
Mark is the manager of an American company. He expects the value of the British pound to appreciate in the near future. Hence, he delays the collection of payments from British customers until the next month. Which tactic is Mark making use of to minimize the foreign exchange exposure?
What is meant by translation exposure?
A(n) _____ has no barriers to trade among member countries, includes a common external trade policy, and allows factors of production to move freely among members, but does not have a common currency.
An argument against economic integration is that it
The country of Pabul and the country of Kimmurak have formed a free trade agreement. This has resulted in Pabul importing textiles from Kimmurak, which Pabul previously produced at a higher cost. This is an example of
Global Motors operates car dealerships throughout the euro zone. The company has noticed that some customers travel to countries where cars sell for less to obtain a better deal. What implication of adopting the euro as a common currency does this situation demonstrate?
Which feature of a customs union differentiates it from a free trade area?
Which feature of an economic union differentiates it from a common market?
Which of the following is a political argument for regional economic integration?
Which of the following is true of trade diversion?
Which of the following levels of economic integration is the most integrated?
Which treaty committed EC members to adopting a common currency by January 1, 1999?
According to the Fisher effect, if the real interest rate in country #1 is 8% and it is 5% in country #2, an investor should ______________.
All prices reflect available public information in a(n) ______________ market.
________________ analysis uses price and volume data to determine past trends that are then used to predict the future.
Borrowing in one currency from a country where interest rates are low and then investing in a currency where interest rates are high is called a _____________ ____________.
Companies can deal with the nonconvertibility problem of currencies by engaging in:
A currency is said to be externally convertible when:
Currency __________ is the short-term movement of funds from one currency to another in the hope of profiting from the changes in exchange rates.