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Вопросы по дисциплине: Ведение операций с иностранной валютой и чеками Сбросить фильтр
Вопрос Действия
51 … that is higher than in other countries causes a country’s currency to depreciate. If inflation in different countries is equal, ceteris paribus, exchange rates do not change. Открыть
52 If import demand is … the currency supply curve slopes downward. Открыть
53 When the supply curve slopes upwards the foreign exchange market may be unstable. Открыть
54 Because import demand elasticities are larger in the short run than in the long run, instability is more likely in the short run than the long run. Открыть
55 The same conditions that cause short-run instability and long-run stability result in a J curve. The J curve shows that a depreciation can temporarily worsen the balance of trade, while an appreciation can temporarily improve the balance of trade. Открыть
56 A country's balance of payments accounts record is Открыть
57 The phenomenon of an initial worsening and subsequent improvement of the trade balance after a depreciation is known as the J-curve effect. Открыть
58 The law of one price states that a commodity will have the … price in terms of a common currency in every country. Открыть
59 The law follows from commodity arbitrage, which involves buying in the … country if prices are different. Открыть
60 It follows from the law of one price that the dollar price of a commodity in the United States … the pound price of the commodity in Britain multiplied by the spot exchange rate of dollars per British pound. Открыть